hial的部落格

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.

2003 - Members of the European Union open changeover to IAFS, beside a point of 2005

2007 - Foreign SEC clients no longer necessary to even accommodate their IAFS statements to GAAP

The April 2008 nonfictional prose of CFO mag paints a pretty severe print for US account standards as healthy. The piece summary that Big 4 experts predict the SEC to legal document that unexclusive companies support with IFRS in as inconsequential as 5 old age. The reasons are many: the tarnished "increase in comparability", preservation of the given that U.S. companies hang on players in the world economy, mitigate of accountancy for multi-nationals.

Whatever the eventual outcome is, one thing is clear: the appear account special in the U.S. should keep hold of an ear to the flooring on this one. Don't anticipate chief changes to impinging you in the nighest future, but don't await this to go away.

What are your thoughts? Think its clip to get on the global board? Think that losing U.S. GAAP will rationale more costs and headaches than its worth? Continue the talk at .