Accounting standards

Letter 01:

From http://www.timesonline.co.uk/tol/comment/letters/article1030203.ece


February 26, 2004

Accounting standards

From Mr James Wilson

Sir, You report (Business, February 24): “The City of London risks being snubbed by foreign companies because of the European Commission’s determination to impose strict accounting standards on all bond issuers”.

Since the EU’s auditors have now failed to sign off the EU’s accounts for nine consecutive years (letter, January 27), I should have thought any rogue bond-issuers would welcome the importation of European accounting standards with open arms.