By Mario Christodoulou: Accounting rule makers should remain independent from `undue commercial and political pressures', a group of recognised leading financial experts has warned in a report which defends accounting standards as `not a root cause of the financial crisis'.
The Financial Crisis Advisory Group (FCAG), formed in the wake of the global economic meltdown by American and International accounting rule makers, today published its recommendations where it said the independence of standard setters should be maintained.
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Source: Accountancy Age, 28 July 2009. © Incisive Media Ltd. 2009 Incisive Media Limited.