« Violent Crime Rate Remained Unchanged While Theft Rate Declined In 2008 | Main | Clarus Poll: 88 Percent of American Workers Are Happy With Their Jobs »
Pittsburgh G20 Summit Media Alert
September 2, 2009In the next several weeks, finance ministers from the G20 nations will convene in London in advance of the 2009 Pittsburgh Summit where the G20 heads of state will meet. The agendas for both meetings seek to find ways to correct the world economic crisis. As part of this effort, specific attention will be devoted to the credit crisis and possibly the urgent need for a globally accepted set of accounting standards (International Financial Reporting Standards - IFRS). Such standards would lead to greater international transparency and consistency in the ways in which companies around the world report performance. These standards would also help improve analysis of corporate performance by the investment community and creditors, among others. The United States has yet to adopt these standards, but is considering. Full release.