Newsletter June 08: Global accounting rules must serve investor needs

PARIS – Accounting standards crafted in the interest of investors are the key to ensuring International Financial Reporting Standards, (IFRS), fulfill the promise of uniting the world’s capital markets and of being a powerful tool for investors everywhere, America’s top stock market regulator said in June. Above all, a public company’s financial reports represent a direct communication between the company and its investors, US Securities and Exchange Commission (SEC) chairman Christopher Cox said. As SEC chief, Cox heads the federal agency that regulates US stock markets.