VideoA former chairman of the U.S. Federal Reserve Board and chairman of trustees that founded the ISAB, Volcker said he hoped the IASB and FASB were well on their way to resolving implementation differences. He insisted that it was time to erase "American hubris" from the accounting standards debate. He said the time had passed for declaring that the quality of U.S. accounting standards could not be matched by international standards that were based on so-called principles. "Made in America doesn't mean perfection...[and] our approach is not necessarily good for the world," asserted Volcker.
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Super Heater
Nov 2, 2009 10:10 PM ET
Volker, Certified Prostituting Authority
Ralph is right. Volker has no training in accounting, no experience in accounting, and has no credentials in … more
Ralph Adamo
Nov 2, 2009 3:54 PM ET
Paul Volcker as Accounting Authority?
Paul Volcker has no training in accounting, no experience in accounting, and has no credentials in accounting. You … more
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