A study in Australia examined the mistakes that can occur as a company shifts its accounting system from national standards to International Financial Reporting Standards. The study looked at what happened when Australia made the switch to IFRS in 2005 and found that a chief financial officer who is a CPA or is certified under some national system is less likely to make major errors with the switch to international standards. Learn about the AICPA's upcoming IFRS Certificate Program by signing up for information at IFRS.com/certificate.

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