Accountants warned over sovereign debt risk
A lack of transparency over exposure to Eurozone sovereign debt could tip the economy back into recession, says the FEE.
The Fédération des Experts-comptables Européens, or Federation of European Accountants, has highlighted a number of key issues for consideration in the half-year financial reporting season.
It warns that the world economy could return to 2008-2009 levels unless governments, businesses and the accountancy profession act to improve transparency around exposure to the sovereign debt crisis.
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