Accounts bodies issue new plans

International accounting bodies, including the International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB) have issued a shortened workplan to create a single set of global accounting standards after pressure from banking regulators to get their talks underway again. The workplan was published ahead of the G20 meeting in Toronto, with IASB and FASB criticised for their inability to meet deadlines.