Most Popular Stories
Events
- AIIM Expo + Conference
April 20-22, 2010 — Philadelphia, PA
Sponsored Links
TOPICS >> PCAOB | Encryption | GRC | PCI DSS | Internal Audits | Data Loss Prevention | Sarbanes-Oxley
Latest News
Free Newsletter
FierceComplianceIT is a leading source of news and information on compliance IT in financial services. Join 14,000+ CCOs, CFOs, and CIOs who get FierceComplianceIT via weekly email. Sign up today!
About | View Sample | Privacy
Popular Topics
IFRS switch: Lessons from Sarbanes-Oxley
Sarbanes-Oxley taught us a lot of things, one of which was that the CFO needs to work hand-in-hand with the IT guys. You have to all be on the same page. If the IT guys don't buy in, it can really compound the compliance program. CFO.com suggests that CFOs revisit this lesson as the specter of international financial reporting standard looms. It is a reality, and CFOs will need to tweak their processes. Here are some initial questions: "How will running both IFRS and GAAP at the same time affect methods of updating general ledgers and charts of accounts? How should metrics and budgeting and forecasting applications be changed? Will differences in IFRS require new data entries? And how can they ensure that the data produced by the newly tweaked systems is clean?" There is massive amount of prep work that will have to be done. Good luck.
For more:
- here's the CFO.com article
Related Articles:
Debate: The impact of IFRS on Sarbanes-Oxley
A quid pro quo for IFRS adoption?
Farewell GAAP, hello IFRS
IFRS uncertainty mounts in the financial world
Comments
Post new comment
Home
| Subscribe | Advertise | Mobile Edition | RSS |
Privacy
| Site MapTHE FIERCEMARKETS NETWORKFierceFinance | FierceFinanceIT | FierceComplianceIT | FierceHealthcare | FierceHealthFinance | FierceHealthIT | Hospital Impact | FierceMobileHealthcare | FierceCIO | FierceCIO:TechWatch | FierceContentManagement | FierceMobileIT | FierceGovernmentIT | FierceBiotech | FierceBiotech Research | FiercePharma | FierceVaccines | FierceBiotechIT | FiercePharma Manufacturing | FierceIPTV | FierceOnlineVideo | FierceTelecom | FierceVoIP | FierceBroadbandWireless | FierceDeveloper | FierceMobileContent | FierceWireless | FierceWireless:Europe© 2009 FierceMarkets, Inc. All rights reserved. |
![]() |



