Asian CFOs want IFRS influence

CFOs call for regional cooperation to influence global IFRS accounting standards.

International Financial Reporting Standards IFRS were called very Anglo-Saxon in nature at a Japan CFO conference held in Tokyo last week, prompting support for a regional accounting practices group to influence global standards setting.

We should talk to all the countries in this region Asia-Pacific and make our needs known, said Noriaki Shimazaki, a trustee on the International Accounting Standards Board IASB committee and an executive vice-president at Sumitomo Corporation, in regards to accounting standards. This would benefit the...

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