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Herz: U.S. Convergence Ball Is in SEC's Court

The decision about whether the nation's corporations should report under international accounting standards has foundered amid a change of Presidents and a corresponding change of leadership at the Securities and Exchange Commission.

November 17, 2009

"The $64,000 question," said Financial Accounting Standards Board chairman Robert Herz, is: where is the United States headed as far as converting from U.S. generally accepted accounting principles to international financial reporting standards? Read more...

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Business Models Matter (for Accounting, That Is)
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In the wake of last week's meeting of U.S. and international accounting standard setters, the SEC's Mary Schapiro gives a nod to the rulemakers' convergence efforts. November 6, 2009
"Convergence Doesn't Necessarily Mean the Same."
The IASB and FASB are hoping to write accounting principles that match up word-for-word. But the devil may be in the rules governing implementation. Here are two examples. November 5, 2009
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On Convergence, Speed Is In; Hubris Is Out
FASB and the IASB rework their approach as Paul Volcker calls for an end to America's love affair with U.S. GAAP. October 30, 2009
Bridging the Gap on Booking Bank Loans
The U.S. and international accounting standards boards mull the divide between them on how banks should recognize changes in a loan's fair value. October 23, 2009
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FASB Shows "Sensitivity" to Fair Value
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