Throughout our textbook, the authors continually points out differences between the financial accounting rules in the U.S. (GAAP) and internationally (IFRS). While most everyone agrees that capital markets and investors would be better served by e a single set of high quality worldwide accounting standards, getting there has proved very controversial. At present, the SEC is considering whether U.S. public corporations should be allowed or required to adopt IFRS. This week’s discussion question: Should the SEC eventually approve the conversion to / adoption of IFRS by U.S. domiciled, SEC-registrant companies. Why or why not? Support your initial posting with citations from assigned readings.
for now please do this for me. after that I have two more..
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Reproduced with permission of the copyright owner. Further reproduction prohibited without permission. Time for the U.S. To to Move to IFRS, Says This Member Phil Ameen Financial Executive; Oct 2010; 26, 8; ABI/INFORM Global pg. 20
Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.
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