Certified Unprofessional Accountants 0
The Guardian. The writer is discussing accountancy in the UK, but the same thing applies here:
The global rules, or accounting standards, for company financial statements are made by the International Accounting Standards Board (IASB), a private organisation financed and dominated by corporate elites. The UK’s accounting regulator, the Financial Reporting Council (FRC), is also dominated by corporate elites. It appeases its controllers by adopting international accounting standards drafted by the IASB, but without ever explaining the social and economic consequences of its acquiescence.
