To strengthen the regulatory arrangements essential for the successful implementation of international standards, countries should give greater attention to regulatory preconditions. The relevant international organizations should work together to develop a consensus on a comprehensive framework of principles for the regulation of accounting and auditing, and to support the adoption of such a framework by the competent national authorities. Special efforts should be made to strengthen and leverage the linkages between the various standards and codes that affect the implementation of international accounting and auditing standards (these include those related to the supervision of banking, securities markets and insurance,.
