A Brief Diversion: IFRS, Convergence, and the SEC's Announcement
I'm interrupting my "Single Sandbox" series of posts to direct your attention to an opinion piece I wrote on the SEC's February 24, 2010 announcement regarding IFRS and convergence. You'll find it at http://www.accountingweb.com/topic/cfo/opinion-sec-ifrs-support-not-all-its-cracked-be.
Within the context of this blog, I'd say the SEC has developed the right plan to answer the wrong question.
Thanks for reading - stay tuned as my series resumes shortly.
Bruce Pounder, MBA, CMA, CFM, DipIFR (ACCA) is an internationally recognized expert on corporate financial reporting and the global convergence of financial reporting standards. He has two decades of firsthand financial reporting experience as the CFO of a privately held corporation and has served as a financial reporting consultant to many public corporations. Currently Bruce is President of Leveraged Logic, a leading provider of educational products and services to accounting professionals. He is the author of the 2010 U.S. Master GAAP Guide (CCH), the Convergence Guidebook for Corporate Financial Reporting (Wiley), and the monthly "Financial Reporting" column of Strategic Finance magazine. Bruce also presents the live webcast series "This Week in Accounting."