Time after time in my discussions with European Union officials on accounting issues relating to country by country reporting and the need for multinationalcorporationsto be accountable to people in all the states in which they operate, these officials, whose support for IFRS brought this whole edifice to worldwide prominence, indicate that their support for it is wearing thin.
So do institutional investors such as banks, multinationalcorporations and central banks that needto hedge against foreign currency value fluctuations.