The QCA Financial Reporting Committee responded to this consultation paper issued by the International Accounting Standards Committee Foundation's (IASCF) review of their constitution, which aims to identify issues for consideration in Part 2 of this review. The QCA noted that we believe this discussion document is a step in the right direction and the proposed changes will enhance the governance of the IASB. However, we would point out that governance is not solely about the written objectives and aims of the foundation. As important, if not more so is the tone, attitude and perceived independence of the foundation and the ability to restore the trust in governments.
QCA Response to the IASCF's Review of the Constitution
The QCA Financial Reporting Committee responded to this consultation paper issued by the International Accounting Standards Committee Foundation's (IASCF) review of their constitution, which aims to identify issues for consideration in Part 2 of this review.
