soxfirst
Closing the GAAP
Filed in archive Accounting by leon on August 28, 2008
Closing the GAAP


Finally, the US has moved another step closer to joining the rest of the world with the Securities and Exchange Commission releasing a road map that would have US companies using International Financial Reporting Standards (ifrs) six years from now. Indeed, CFO.com's Sarah Johnson and Marie Leone suggest it might end a lot sooner. Like from next year.

One of the issues that strikes me is whether there are enough skills for the take-up, although six years should give accountants like enough to get their heads around IFRS. A fuller discussion of those issues here.

One thing for sure. No one should accuse the SEC of acting too hastily. Six years is a long time.

Related Entries:

Permalink: Closing the GAAP
Tags: IFRS  GAAP  SEC  2007  creative  closing+gaap  advertisement+book  conrad+black 
Trackback: http://publish.creative-weblogging.com/publish/mt-tb.pl/132548
img Addthis img Ask img Blinklist img del.icio.us img Digg img Fark img Facebook img Google img Lycos img Ma.gnolia Add this page to Mister Wong Mr Wong img Netscape img Netvousz img Newsvine img Reddit img StumbleUpon img Slashdot img Tailrank img Technorati img Wink img Yahoo

Vote for Closing the GAAP:

  • Currently 7.67/10
  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
Rating: 7.67 out of 3 vote(s) cast.
 
Subscribe
Share It
RSSrss
See all blog subscribe options
Google google
What is RSS?
Yahoo! yahoo
Addthis Subscribe using any feed reader!
Bloglines Bloglines
Newsletter

TwitterFollow us on Twitter!