So the question is whether international accounting standards should deal more comprehensively with the setting for accounting and reporting within the firm and address accounting governance more explicitly. Internal reporting procedures and compliance, an active role of the audit committee, a separation of responsibility for and financial interest in financial reports, for example, are most relevant for sound reporting.
Many commentators have raised a very valid concern that, in the event of a secular decline in oil and gas prices, drawdowns for stabilization could consume the entire Fund over time. To deal with this, the law sets a floor of $ billion beyond which no drawings can be made for stabilization purposes.