The buzz about IFRS is really picking up in the USA.
The AICPA just started a site http://ifrs.com/ that deals with the issues surrounding IFRS and the USA. Will there be convergence? Stay tuned to that site. Great site to monitor.
Incidentally they have a cool URL eh? I wonder why the folks in London didn’t snap it up.
The FASB is having a Forum next month, on June 16 in New York City dealing with issues about IFRS from a US standpoint. The objects of the session according to the FASB are:
1. to open the dialogue with our constituents about whether and how to move the U.S. financial reporting system to IFRS
2. to define the next steps in the process
I plan to attend this session, all being well. If you cannot go the session will be webcast live on the FASB website http://www.fasb.org/. If you are going to New York you will have to register.
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Here are some links to “Big Four” discussions (courtesy of a recent article in CFO Magazine):
http://www.pwc.com/extweb/pwcpublications.nsf/docid/396FA4ABF49BCBEB85257368005B6BB7/$file/PwC_10Minutes_102007.pdf
http://www.kpmg.com/Global/IssuesAndInsights/ArticlesAndPublications/Pages/HowtheIFRSmovementisexpected.aspx
http://www.deloitte.com/dtt/cda/doc/content/us_assurance_international_financial_reporting_std%20_030108(1).pdf
http://www.ey.com/GLOBAL/content.nsf/International/Assurance_-_IAS_Overview
The game is truly a foot in the good old USA.
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