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Single set of high-quality global accounting standards

Call on the accounting standard setters to work urgently with supervisors and regulators to improve standards on valuation and provisioning and achieve a single set of high-quality global accounting standards.

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The G-20 London Summit 2009
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G-20 Summit Communiqué
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Strengthening financial supervision and regulation
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Agreed Action Plan
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Single set of high-quality global accounting standards
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Establish a new Financial Stability Board
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Extend oversight to all systemically important entities
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Extend regulatory oversight to Credit Rating Agencies
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FSB and IMF to provide early warning of risks
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Prevent excessive leverage and require buffers
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Reshape systems to take account of macro-prudential risks
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Sustainable compensation schemes
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Take acton against non-cooperative jurisdictions
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