This includes consultations by regulators, standard setters and other key stakeholders.
Banks' financial statements could be modified to show assets at cost as well as fair value, so that if regulators or investors wanted to use traditional accounting to form a view, they could.Even if they leave procyclicality to bank regulators, standard-setters still have a lot on their plates.
These results should be of interest to academics, regulators, standard-setters, and auditors as they continue to contemplate ways to improve auditors' professional judgments under different levels of accounting standard precision.
A substandard medicine is a medicine that does not meet the regulator standards due to an unintentional or negligent error.
"In some cases, it could also ask regulators or standards bodies to develop regulations jointly that could then have a good chance of becoming international standards".
Hospitals, tube manufacturers, regulators and standards groups all point fingers at one another to explain the delay.
The darker version of this theme is that the four will use their power to hold sway with litigators, regulators and standards setters.
The company, under pressure from European regulators, national standards organizations and its own government clients, said it planned to give customers the ability to open, edit and save documents in Open Document Format — the main competitor to the Microsoft Word format — through a free update.
Regulators tightened standards for drug approvals, viewing side effects much more harshly, but J&J kept pursuing drugs with a 1980s mind-set: As long as they were effective, side effects were acceptable.
"If the regulators and standard setters do not act now to improve the standards, then the Congress will have no other option than to act itself".
For the moment though, the efforts of regulators and standard-setters are focused on five main areas:Related items Wall Street: Specialist help neededApr 24th 2003 Derivatives exchanges: Clear for take-offApr 24th 2003Pro-forma accounts.
