Thanks to all for your public service, which is especially vital now that the economy is weak, the capital markets shell-shocked, and the commission under attack for mistakes that occurred long before ...

Have There Been Benefits to the Convergence Process? Gven this background, the purpose of this discussion is twofold: to provide a review of the events surrounding the convergence movement over the ...

Nearly a decade after FASB and the International Accounting Standards Board (IASB) agreed to converge their standards in “The Norwalk Agreement,” the SEC staff floated a concept in May that would ...

Approaching IFRS (the International Financial Reporting Standards) through a converged set of accounting standards, as announced by India, is a highly inconsistent but alternative line of thinking, ...

As the wait for an SEC decision on IFRS continues indefinitely, CPAs can turn their international standards focus to the convergence projects on leases, revenue recognition and financial instruments, ...

CII has come up with a guide?Journey to IFRS? that has been aimed at making the industry aware of challenges to IFRS convergence. The publication, which provides an overview of IFRS, is a key ...

The pace of accounting standards convergence is accelerating, and is being driven primarily by an investment community that is rapidly embracing International Financial Reporting Standards. At the ...

New Delhi: Industry Chamber CII said on 4 November the convergence of International Financial Reporting Standards (IFRS), the global accounting practice followed by 102 countries, would improve ...

On February 24, 2010, the Security Exchange Commission (“Commission”) issued a statement reaffirming its support of establishing a “single set of high-quality global accounting standards.”1 The ...

Despite the aimed at blending International Financial Reporting Standards and U.S. GAAP, it's time for companies to start getting ready for a new financial reporting regime. At least, that's the ...

As part of the initiatives towards India’s convergence with IFRS from 2016-17, the Accounting Standards Board of the Institute of Chartered Accountants of India has recently issued exposure drafts on ...