[T]he tediously-reported proclamation of real convergence commitment has never been more than a smokescreen behind which the divergent interests of the Americans and the Europeans have knocked heads to the point of insensibility. (For which, recall the continued fudging of the SEC as to whether, if ever, that agency is even going to confirm a date certain on which to decide if to weigh in or not […].) Why no-one has called the question on this endless charade reflects the two-level fantasy in the dialog: the IASB and the FASB both pretend to believe in the desirability of fully-converged accounting standards, and the community of financial statement issuers and users pretend to believe them. [Re:Balance]
Related Posts
Confirmed: Overstock.com Is Doomed
- Caleb Newquist
- March 14, 2012
Overstock.com has had its detractors over the years. Everyone from Barry Ritholtz to Felix Salmon […]
Share this:
Friday Footnotes: A Spate of Scandals; Client Acceptance; Fed Lending | 7.17.20
- Going Concern News Desk
- July 17, 2020
AICPA Digital Assets Practice Aid Examines Client Acceptance and Continuance [CPA Practice Advisor The American […]
Share this:
McGladrey & Pullen Names Joe Adams as New Managing Partner and CEO
- Caleb Newquist
- April 26, 2011
Joe Adams is 30+ year vet of the firm and gets some high praise from the M&P Chairman of the Board, Jerry Bourassa, “His commitment to quality and McGladrey’s success make him an excellent choice for the Managing Partner position. I’m looking forward to working with him in his new role overseeing McGladrey & Pullen’s national strategy and business operations.”
Joe takes over for Dave Scudder who turned in his papers back in February. Joe was kind enough to give Dave a nod of appreciation in the press release, “I’m looking forward to these new responsibilities, and continuing the excellent work that Dave Scudder did in this role.” He gets the big chair on May 1st and we assume cake and punch will be served but an appearance by Natalie Gulbis has yet to be confirmed. [McGladrey]