Obama needs to tackle IFRS and regulatory cooperation

Author: | Published: 5 Nov 2008

Global regulation decisions will be among the top priorities for Barack Obama when he takes office on January 20, particularly accounting and reporting standards.

Recent history has proven that the democratic roots of a president do not necessarily mean stricter economic regulation. The repeal of the Glass-Steagall Act was one of the most anti-regulatory efforts of the 1990s, and that happened under democratic President Bill Clinton.

The Sarbanes-Oxley act...