TS loves receiving updates from the International Financial Reporting Standards Foundation.

As if the IFRS bods didn't have enough on their plate, they insist on strangling every press release with a thicket of grandiose statements and wordy explanations.

A choice example: "Those interrelated reviews are being conducted independently in a manner consistent with their separate but linked Constitutional responsibilities." Joy.

TS wonders whether the impenetrable prose is calculated deflect attention from the crux of the release - which, in recent weeks, has included a six-month extension to the convergence timetable, and a navel-gazing ten year review.

Someone pass the popcorn.

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