After scandals, G8 seeks wider accounting rules


  • Business Premium
  • Tuesday, 03 Jun 2003

EVIAN (France): Leaders of the Group of Eight (G8) world powers yesterday restated pledges to crack down on financial crime and called for globally recognised accounting standards to prevent more corporate scandals in their backyards. 

But in the first batch of what promises to be a drip-feed of statements on specific issues from the annual summit of leading industrial nations, the G8 leaders for the most part reaffirmed already existing initiatives to clean up the way financial markets work. 

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