AICPA updates its IFRS backgrounder to incorporate major 2008 developments.

Countries around the world continue working toward using International Financial Reporting Standards. In the U.S., the Securities and Exchange Commission on Nov. 14, 2008, issued for public comment a proposed roadmap for the possible mandatory use of IFRS for U.S. public companies. With the comment deadline of Feb. 19 approaching, the AICPA recently updated the AICPA IFRS Backgrounder to incorporate the significant trends and events that took place...

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