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:
Select moments from InvestmentEurope's Pan-European Fund Selector Summit that took place at the Beau-Rivage Palace in Lausanne 9-11 April have been published.
Claire Marwick, investment director, Japan at Martin Currie, will consider the long/short approach to Japanese equities during the Pan-European Fund Selector Summit in Lausanne on 9-11 April.