Investors View IFRS Adoption as Likely
A report from the Association of Chartered Certified Accountants, using data collected by Forbes, shows that, among a sample of 493 U.S.-based investors with a combined $2.3 trillion under management,...
View ArticleU.S. Offered Seat on IASB Panel
The International Accounting Standards Board (IASB) has offered the U.S.read more
View ArticleIFRS 9 Shows Convergence Divergence
IFRS 9, the accountingstandard concerning the treatment of financial instruments, has become one more point of contention between the Financial Accounting Standards Board (FASB) and International...
View ArticleKnow Your Regulatory Acronyms: a Primer
There are a lot of acronyms in the accounting world, and they seem to change every couple of years. Financial Executives Daily has written a primer on who does what in the accounting regulatory world,...
View ArticleFitch Ratings Says IFRS in U.S. Less Likely
Credit rating agency Fitch issued a report saying that full adoption of International Financial Reporting Standards (IFRS) in the U.S., once seen as a near certainty, is now unlikely in at least the...
View ArticleLawmakers Caution Against Letting Corps. Choose Accounting Standards
A group of 12 senators and representatives have sent a letter to the Securities and Exchange Commission saying that companies should not be able to choose whether they want to file in U.S. GAAP or...
View ArticleIASB Ditches Dual Lease Model
The International Accounting Standards Board (IASB) announced it has decided to abandon the dual lease model that they had previously been considering in favor of a unitary approach, in contrast to...
View ArticleNon-IFRS Countries Down to Seven
At this point, there are only seven countries that do not generally allow their domestic publicly traded companies to file using International Financial Reporting Standards: the U.S., China, Egypt,...
View ArticleSEC Chief Accountant Weighing Course of Action on IFRS
The new Chief Accountant of the Securities and Exchange Commission James Schnurr, is said to be deliberating whether the U.S. should move to International Financial Reporting Standards (IFRS) or stay...
View ArticleIASB Releases Overview of Proposed IFRS Lease Standard
The International Accounting Standards Board has put out an overview of the lease standard that they say they would like to formally release sometime this year, according to Accounting Today.read more
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