While the attack on the New York Times this week was inconvient to say the least, it appears the hack also forced the AICPA to reschedule a planned CGMA chat on Twitter. I'm sure all of you were very broken up to hear this news:
That gives you a whole 3 day weekend to get your questions ready, unless the anti-Rush Limbaugh crowd has recruited Anonymous to take down the AICPA in the meantime for those Feed the Pig ads that aired on his show. Unlikely. So plan accordingly. I'm looking directly at you, trolls.
Global Reporting Standards are gaining popularity among investors and finance executives, according to a new report by ACCA. Around 170 senior executives and investors were questioned. More than 40% said international financial reporting standards improve access to capital, while around 25% believe the global standards have lowered capital costs. ACCA chief executive Helen Brand said: “Growing support amongst CFOs and investors for [IFRS] must be considered carefully” by US regulator the SEC as it debates converging US GAAP with international standards. “We believe a positive answer from the SEC would give a tremendous boost to the cause of financial reporting and more importantly the world economy.” [