International Accounting Standards Board news from FierceComplianceIT
NewsA good thing: Audit convergence taking a back seat?
One big question that looms large for 2010 is whether we will truly make the transition to the International Financial Reporting Standard, or IFRS. We've been talking about this for a long time, and... Read more...
IFRS for small businesses
We tend to think of IFRS as a public company issues, but there is such a thing as IFRS for small, private businesses. The International Accounting Standards Board released IFRS for SMEs in July. This... Read more...
Potholes on the road to new financial statements
A quiet global effort to reform financial statements has been underway for a while now. The public comment period closed this month and the results were not pretty. The effort by the Financial... Read more...
New York accountant group slams IFRS roadmap
In the minds of many, the adoption of IFRS is fait accompli, a done deal. But not if the New York State Society of Certified Public Accountants has anything to do with it. The influential group has... Read more...
Overseas fraud case, the Sarbox implications?
Ramalinga Raju, chairman of Indian outsourcer Satyam Computer Services, resigned after admitting he had falsified financial accounts, inflating earnings for years. Thus far, more than $1 billion is... Read more...
Global accounting standards a pipe dream?
The move to IFRS has been couched by supporters with the idea that a single set of accounting standards makes sense in the global economy. But what happens when individual countries start tinkering... Read more...
|
