As the third report form, the merging form of cash flow has been widely used by accounting offices of enterprise groups in some major countries, then it becomes the focus object in our country.

Mr Woodford alerted Olympus's auditors, commissioned a review by an outside forensic-accounting group and asked for the resignations of Mr Kikukawa and an associate.

Hard to square that, however, with the decision of America's Financial Accounting Standards Board, announced as the G20 met, to give Banks more flexibility in valuing assets.