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Podcast: Critical Line Item with Tom Ravlic
Episode: Who drafts the documents that tell companies how to put financial statements you read together?
Description: Investors and other stakeholders read financial statements when they are issued but not a lot of time is spent looking at the process by which the underlying documents that set reporting principles known as accounting standards are developed. Andreas Barckow is the new chairman of the International Accounting Standards Board and in a very special and extremely enlightening discussion he talks about the way international accounting standards - used by more than 140 countries across the globe including Australia - are developed. He also tackles challenging issues such as how newly created things like cryptocurrencies ought to be accounted for. Listen...