Members' acceptance of IFRS growing as recent SEC action demonstrates eventual switch from GAAP.
Results of a survey conducted this past fall among AICPA members show a significant and positive shift in the number of firms and companies starting to prepare for adoption of International Financial Reporting Standards compared to a survey of members earlier last year. A 55% majority of CPAs at firms and companies nationwide now say they are preparing in a variety of ways for IFRS adoption, an increase of 14 percentage points over the 41% who were preparing for change...
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