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International rules on loan-loss accounting could tally with US standards

By Sebastian Chrispin ( April 11, 2013, 16:12 GMT | Insight) -- Global standards on how firms should record expected losses in their books are getting closer to US rules, according to the chair of the International Accounting Standards Board.  Hans Hoogervorst also called on securities regulators to consider whether the recording of impaired loans properly reflects a company’s economic performance.London – Global standards on how firms should record expected losses in their books are getting closer to US rules, according to the chair of the International Accounting Standards Board (IASB)....

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