Accounting body proposes standardising how companies report profit

LONDON (Reuters) - Listed companies must standardise their definition of operating profit in financial statements to help investors make comparisons more easily, an international standard setting body proposed on Tuesday.The International Accounting Standards Board (IASB) said a sample of 100 companies found that 63 were using at least nine different definitions of operating profit.Hans Hoogervorst, chair of the IASB whose rules are mandatory for listed companies in over 140 countries, including..