AICPA members expect shift to IFRS to take 3 to 5 years

12/1/2008 | CIO Today

Although the shift to International Financial Reporting Standards is not yet a done deal, many insiders believe it will happen. "I believe it's inevitable that IFRS is coming," said David Haas, of PricewaterhouseCoopers. "Most of the global capital countries have adopted or plan to adopt it." Members of the AICPA said the shift will likely take as long as five years.

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