IFRS is Front Page News...

Posted by accountingweb on Jul 5 2008 752 printer friendly

By Edith Orenstein, FEI Financial Reporting Blog -
… in an article by Stephen Labaton in today’s (July 5) New York Times: “Accounting Plan Would Allow Use of Foreign Rules.”

Although SEC leadership has called for a global strategy in a world of increased mobility of capital and trading platforms, as noted by Labaton, some fear turning over responsibility for accounting standards, oversight of foreign broker-dealers and inspection of foreign audit firms, to foreign entities.

Read more highlights from Labaton's article and related highlights from FEI articles, and find out about upcoming conferences providing updates on IFRS and other hot topics here.

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FEI Financial Reporting Blog provides highlights from SEC, PCAOB, FASB, IASB, and other regulatory news, including reporting under Sarbanes-Oxley Sect 404. It is written by Edith Orenstein, Director of Technical Policy Analysis at FEI

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