“CONCLUSIONThe specter of “politica

“CONCLUSION
The specter of “political” challenges such as those recounted in this article should
give pause to members of the IASB and the eight national standard setters with which
it is collaborating when they propose to develop a Standard on a sensitive and controversial
topic. Notwithstanding this specter, all who are interested in sound and useful
financial reporting hope that the Board will not retreat from sensitive and controversial
issues in need of high-quality reporting standards