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Eavesdrop on the consideration going on in the boardrooms of U.S. state-supported companies these years and you may meander distant beside one thought: U.S. Generally Accepted Accounting Principals are going the way of the archosaurian reptile (i.e. extinct). As the FASB comic away on its' convergence task to ratchet-down the technicalities of U.S. GAAP to the more principles-based International Financial Reporting Standards (IFRS), sometime cannot help but hear the chronometer ticking for GAAP. The relay content signs are decent more continual....

2001 - International Accounting Standards Board advanced.

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