31 May 2011: German Standard Setter continues to exist

Posted by on 31 May, 2011
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This item was filled under Accounting

In June 2010, unresolved questions of financing and membership basis had led
the Accounting Standards Committee of Germany (ASCG) to terminate, effective 31 December 2010,
the standardisation agreement with Germany’s Ministry of Justice. After months of debate and
renewed efforts to find sustainable financing, a solution to the problems were found yesterday.

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