Most Clicked IFRS Report Stories
1. FASB, IASB will work more intensely to reach common set of standards
IFRS Report | Nov 05, 2009
The leaders of the Financial Accounting Standards Board and the International Accounting Standards Board announced at an IFRS conference in late October that they will begin meeting monthly to try to speed up their efforts to develop a common set of accounting standards by their target date of 2011. Read the complete story and watch an exclusive video interview with conference speaker Paul Volcker, chairman of the President's Economic Recovery Advisory Board, on the effect of adopting IFRS on global capital markets. JournalofAccountancy.com (10/29)
2. CPA Exam to get makeover, include IFRS questions
IFRS Report | Nov 05, 2009
Major changes to the Uniform CPA Examination are now scheduled for the beginning of 2011. The AICPA Board of Examiners decided that making all the changes at once will serve exam candidates better than if they were introduced separately over a longer period. Questions on International Financial Reporting Standards are being added to the exam as part of the changes. JournalofAccountancy.com (09/30)
3. IASB, FASB exclude certain leases from new accounting rule
IFRS Report | Nov 05, 2009
Decisions by the Financial Accounting Standards Board and the International Accounting Standards Board may exclude certain types of leases from a new accounting standard. However, it is too early to know how much of an effect the changes will have. Ultimately, current lease proposals would have a significant effect on companies' balance sheets. CFO.com (11/02)
4. FASB chairman warns about Europe's meddling in accounting rules
IFRS Report | Nov 05, 2009
Robert Herz, chairman of the Financial Accounting Standards Board, says pressure from Europe on the International Accounting Standards Board could derail adoption of global accounting rules by the U.S. "The U.S. wants to make sure that the standards it uses come out of a standard setter which has the appropriate public policy objectives and is not being geared or harassed to do things in a way that is not consistent with that public policy objective," Herz said. Accountancy Age (London) (10/15)
5. SEC's chief accountant says update on IFRS road map to come this fall
IFRS Report | Nov 05, 2009
The Securities and Exchange Commission's chief accountant on Oct. 30 confirmed the SEC's commitment to provide clarity this fall on its proposed road map for the adoption of IFRS in the U.S. Watch a video of James Kroeker's remarks at an AICPA/International Accounting Standards Committee Foundation conference in New York. JournalofAccountancy.com (10/30)
6. How to leverage Sarbanes-Oxley investment for IFRS convergence
IFRS Report | Nov 05, 2009
Ernst & Young senior manager Steve Arnold, CPA, offers quick, practical tips on steps for tapping internal control staff to facilitate the transition to International Financial Reporting Standards. For IFRS daily updates, training courses, case studies and other resources, visit IFRS.com. JournalofAccountancy.com (10/13)
7. Survey: SEC should approve adoption of IFRS
IFRS Report | Nov 05, 2009
The Securities and Exchange Commission's proposal for adopting International Financial Reporting Standards is supported by 70% of chief financial officers and other financial professionals, according to a Deloitte survey. Of more than 150 respondents, 19% said the proposal should be approved as is, while 51% suggested pushing back adoption by one year. AccountingWEB (10/06)
8. Do you plan to step up your IFRS training after the SEC releases its expectations for IFRS later this fall?
IFRS Report | Nov 05, 2009
Look out for the IFRS Year-End Report on Dec. 8 and 15. The results of this poll will appear in Part 2 on Dec. 15.
9. SEC sparks IFRS debate again in U.S.
IFRS Report | Nov 05, 2009
The debate over the conversion to International Financial Reporting Standards in the U.S. was reignited recently when the Securities and Exchange Commission said that it supports the goal of a single set of high-quality global accounting standards. The International Accounting Standards Board is responsible for IFRS, and its chairman, David Tweedie, points out that there should not be much difference between IFRS and U.S. GAAP by 2015, if the current convergence effort continues at the same rate. IFRS textbooks are already available in English, Tweedie said. And last year, all of the major global accounting firms began working with colleges to include IFRS in their curricula. CFO.com (10/08)
10. AICPA to release IFRS Accounting Trends & Techniques; order now to get pre-publication discount
IFRS Report | Nov 05, 2009
IFRS Accounting Trends & Techniques provides a close look at the reporting practices of international companies that have already tackled the conversion to IFRS. Like other titles in the best-selling Accounting Trends & Techniques series, this international version captures today's prevailing financial reporting practices with illustrative examples from the actual financial statements of 100 publicly traded companies from around the world. IFRS Accounting Trends & Techniques is available for pre-order. Order now and get a special pre-publication 10% discount (use coupon code SLR).
Sign up for IFRS Report
