It has sole responsibility for setting accounting standards.

它的唯一职责就是负责会计准则的制定。

youdao

We are most likely to see this in the financial realm, where setting standards for the capital requirements of Banks, accounting systems and credit ratings would facilitate global economic growth.

我们最有可能在金融领域看到这种做法，制定银行资本金要求、会计制度和信用评级方面的标准，将促进全球经济复苏。

youdao

Setting high quality accounting standards.

制定出高质量的会计准则。

youdao

And as the bloggers at Naked Capitalism point out, the Basel committee focused on setting capital levels but did not address liquidity standards or accounting, two other crucial issues facing the banking industry.

FORBES: New Capital Rules Not Much of a Stretch for US Banks

While the study suggests that confidence in the standards will improve with familiarity, as investors and analysts educate themselves the debate will move to the standard-setting process as well as the governance of the International Accounting Standards Board.

FORBES: U.S. Exceptionalism and Accounting Standards: Investors' Viewpoint