"These new standards clearly don't apply to the people who are setting them."
"We do not want to tell the companies what standards to apply," he continued.
They think the standards of the normal world don't apply to them.
The board's standards apply to the financial statements of all public and private companies.
It is not clear how the new standards will apply to people already in office.
As a legal matter, there is no consensus about what standards should apply.
There is no reason the same standards cannot apply to the Iraq situation.
"Why would we not want those standards applied in the developing world?"
This is an area where double standards must apply least of all.
Investors must know that the same standards apply throughout the world.