International Financial Reporting Standards

AICPA and ICAEW face common issues

July 5, 2010 Cloud Computing/SaaS

Paul Stahlin, incoming AICPA chair: You ignore globalization at your peril from Rick Telberg on Vimeo. Any practitioner that is serving clients who trade on the Internet cannot be blind to the globalization of trade. I bitch on about systems that don’t handle multi-currency well for good reason. I have to juggle three currencies and [...]

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New SEC chief unhelpful on IFRS and XBRL

April 29, 2009 Tax and Ethics

Reading in Reuters that SEC head Mary Schapiro …made it abundantly clear that XBRL was very low down her priority list when she spoke at the Reuters Global Financial Regulation Summit on Tuesday, and she hinted that the SEC might allow for delays in compliance, though she didn’t know if that would be necessary. “I [...]

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IFRS – hands across the sea

December 17, 2008 General

Bill Sheridan of CPA Success tells me that US CPA’s are looking forward to the introduction of IFRS. That’s interesting when I hear all the shenanigans around fair value. Even so, his recent post on the topic is interesting: Actually, a discussion via his blog post titled What I Meant in Accounting Education under IFRS [...]

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