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Tag >> standards
Feb 10
2010

Would Geithner back IFRS to heal the banks?

Posted by Going Concern in Timothy GeithnerstandardsIFRSGAAPfinanacial reportingcomplianceBanksAccounting

Going Concern

Submitted by Adrienne Gonzalez, republished from Going Concern, Accounting News for Accountants and CFOs.

Tim Geithner has inadvertently given his endorsement to standardized financial regulation around the globe, so is he also giving the adoption of IFRS in the US his approval?

Possibly, since he told ABC that "he wasn't worried that tighter financial regulation would put U.S. banks at an international disadvantage. ‘I'm very confident we can make sure that we are working very closely to raise global standards around the world so we have a level playing field,' Geithner said." His motivations are only slightly suspect. Why?

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