A group of European institutional investors representing combined assets of about €1.6trn has issued position papers expressing signficant concerns over accounting standards.
The papers argue that investors are being let down by accounting standards that faile to provide a sound basis for long term decision making.
Instead, the investors say, reforms to accounting rules being considered by Europe should be maintained, including commitment to mandatory audit firm rotation and greater disclosure about audits to shareholders.
Click here to review the positions on IFRS and Audit in general:
Today on Investment Europe
Social Responsible Investing (SRI) is gaining ground across the European asset management industry, but Italy's is still weighted to the retail investor.
Henderson Global Investors has won the Group of the Year category at the InvestmentEurope Fund Manager of the Year Awards, with Polar Capital taking Specialist Group of the Year.
InvestmentEurope's Pension Fund Forum is taking place today, 21 November, in Zurich - offering a programme of individual speakers and panel discussion throughout the day.