BKF International (Bogota) Interviews IASB Chairman Hans Hoogervorst


BKF International's Maria del Mar Montes interviewed IASB Chairman Hans Hoogervorst for the latest edition of its magazine, El Indicador. During the interview, Hoogervorst noted that "we are very close to having a truly global standard," referring to the application of international reporting standards. Regarding the problems of this process, he said, "Language is a problem. It is very difficult to translate the standards that are originally written in English, but certainly the benefits are important. Mainly, to have financial reporting that is recognized throughout the world...helps a lot in the international investment climate, and I believe that, in this way, contributes to the growth of the world economy." With respect to the date that the process is expected to be completed, Hoogervorst said, "I cannot say, but we have come a long way compared to 10 years ago."

Pictured: Hans Hoogervorst, IASB chairman, and Maria del Mar Montes, BKF journalist.