Whole Network Accounting boards of directors Compliance Ethics executive pay SOX strategy

 

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 (ifrslinks) 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.






Permalink: Closing the GAAP
Tags: IFRS  GAAP  SEC  2007  creative  closing+gaap  advertisement+book  conrad+black 

Trackback: http://www.creative-weblogging.com/cgi-bin/mt-tb.pl/132548



Advertisement


Advertisement


RSSrss   | See all blog subscribe options
Googlegoogle   |   What is RSS?
Yahoo!yahoo
AddthisAddThis Feed Button
BloglinesBloglines
Newsletter

Use the search to look for other interesting posts

 
  • Advertise with us

  • Learn more about our advertising options or email advertising - at - creative-weblogging.com or give Luis a call at +1 (650) 331 8047.


  • Other blogs in the same channel in the Creative Weblogging Network







 
Tagcloud: Accounting boards of directors Compliance corporate crime corporate governance corporate reputation Ethics events executive pay litigation markets regulators risk shareholder activism SOX Sponsored Blog strategy