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March 30, 2023

When accounting goes unaccounted for

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Career Center

Interruptions at the Office: Good or Bad?

by Adrienne Gonzalez

Are you one of those hyper-focused people who can concentrate on any given task and see it through to its completion? I am not. Never have been. I need to have fourteen things going at any given time just to accomplish anything. As I write this, I've got a playlist running in the background with […]

IFRS

IASB Chairman: You Can’t Stop IFRS; You Can’t Even Hope to Contain It

by Caleb Newquist

“It is my strong conviction that the momentum behind IFRS is so strong right now it can only be delayed but it cannot be stopped any more,” IASB’s chairman Hans Hoogervorst said.

The United States has an “extremely important” decision to make this year on whether to replace its own Generally Accepted Accounting Principles (GAAP)standard with IASB rules, Hoogervorst told a webcast meeting of the IASB’s trustees in New York. By next year two thirds of the world’s top 20 economies (G20) will be allowing or requiring local listed companies to use the IFRS accounting rules. [Reuters, Earlier]