To an even more literal extent, that is.
If there was ever a time to get Hans Hoogervorst to run around IASB HQ naked, this would be it.
Back in November, the IASB threw out this Accounting Standards Advisory Forum idea that would allow a dozen national rulemaking bodies to get together and talk fancy about debits and credits. Basically, an accounting cool club.
This morning we learned that the ICAEW gave up, refusing to go along with the lie that the IASB has been telling itself all this time -- "They'll call. They'll realize that they've been wasting their time with U.S. GAAP all this time and they'll call."
Beating PwC to the punch, no dout.
He's also willing to speak louder if that helps.
Someone's feeling ignored.
Leave it to a bunch of people that are good with numbers to make up words out of thin air.
Allow us to clarify for you.
Someone in Brussels needs a muzzle.