October 23, 2020

heel-dragging

FASB Supports the SEC’s Commitment to Tiptoeing Around IFRS Adoption Indefinitely

This week, the AICPA Conference on Current SEC and PCAOB Developments is going down in Washington and unfortunately I am missing it this year as I'm due in Dallas this week for AccountingWEB Live which is exponentially more exciting (or something). Today, SEC Chief Accountant Jim Schnurr reiterated the commission's commitment to pussyfooting around any […]

Hans Hoogervorst Creates Unrealistic Expectations For IFRS In the US

If I didn't know any better, I'd think this story was from 2008. The head of the International Accounting Standards Board said Tuesday it is "very important" for the U.S. to embrace global accounting rules and said he believes a key regulator would soon take a position on whether to adopt them for American companies. […]