Self-regulation by bodies like the IFRS Foundation was meant to be the way forward for this profession.

FORBES: Have They Pushed the Self Destruct Button at the International Financial Reporting Standard Foundation?

Of course I can understand why the IFRS Foundation are making this move.

FORBES: Have They Pushed the Self Destruct Button at the International Financial Reporting Standard Foundation?

Are the IFRS foundation now saying that their standards are of no relevance to companies that are not quoted on markets?

FORBES: Have They Pushed the Self Destruct Button at the International Financial Reporting Standard Foundation?

If, as the IFRS Foundation are now suggesting accounts are only for speculators, where is the long-term investor get the information that they need?

FORBES: Have They Pushed the Self Destruct Button at the International Financial Reporting Standard Foundation?

After all, effective regulation in the public interest is a prerequisite for the effective operation of markets, and the IFRS Foundation is failing in its duty to supply it.

FORBES: Have They Pushed the Self Destruct Button at the International Financial Reporting Standard Foundation?