October 17, 2021

things that are not going to happen

IASB Backtracks on Lease Accounting But Definitely Not Because of FASB

Funny that the IASB and FASB working together on a new lease accounting standard was totally kumbaya up until recently, when everything fell apart and both sides realized this convergadoption thing is totally never going to happen. Too bad, joining forces on revenue recognition made it seem so likely despite the fact that everyone including […]

Former SEC Chair Chris Cox Goes From Cheerleading IFRS Adoption to Burying It

Before we talk about Chris Cox's recent comments on adoption of international standards in the U.S., allow us to look back. After all, you will recall Cox was the one pushing for them years ago when he was still chairman of the SEC. Let's see what he said at an SEC Open Meeting in August […]