Footnotes: The Beginning or the End of IFRS and Other Mysteries | 07.16.12

GAAP / IFRS Convergence — Has the SEC Finally Shut It Down At Last? [Re:Balance]

U.S. accounting pushback seen as temporary delay [Reuters]

SEC Names Acting Chief Accountant [WSJ]

Norquist’s Phantom Army [NYT]

Auditors Are Asleep at the Switch on Banks' Risk Controls [AB]

Republicans and Democrats Able to Agree That the Other Party’s Tax Proposal Sucks [DT]

Romney's Tax Returns Could Cost Him the Election [HP]

CMEDY: Dude, Where’s My Company? From Roddy Boyd: "According to documents obtained by The Financial Investigator, China Medical’s auditor, PriceWaterhouseCoopers, resigned after failing to get responses from its management despite “repeated efforts to contact the company,” according to an E-mail from a PWC official reviewed by FI.com. Under Securities and Exchange Commission rules, this constitutes a material development that China Medical was obligated to disclose, but did not." [TFI]

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