Although the same law requires them to start broadcasting a digital signal, a bungled standard-setting process for receivers means that nobody is watching.
In recent years, the most blatant political intervention in the standard-setting process has been over the stock options that many companies grant to their employees.
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.
While recognizing that the primary responsibility for standard-setting lies with States, the conference also appreciates the contribution of non-governmental organizations to this process.