On the other a hand, a Canadian CFO whose company has had to reconcile financial statements with U.S. GAAP, praised the proposal. Doing so will help "level the playing field between U.S. and non-U.S. issuers who access the U.S. capital markets," wrote Greg Taylor, vice president and finance chief at Toronto-based Fairfax, a financial services holding company listed on the New York Stock Exchange.
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Inside this Report
- » Return to Main Page
FEATURED ARTICLES
- Goodbye GAAP
RECENT CONVERGENCE COVERAGE
- The Beginning of the End of GAAP
- Principles vs. Practices
- From GAAP to Global in Seven Months
- Big Four Make Big Plans for IFRS
- SEC Decision Draws Cheers
- Some Spring to Fair Value's Defense
- Which Rules Rule? Now Ask FASB
- The Long March
- Standards and Lack Thereof
- Are You "Reasonable"?
- Will Americans Foul Up Global Standards?
- All the GAAP I Learned in Grad School
- Fixing the Financial Supply Chain
- Auditor Judgments under the Microscope
MORE RECOMMENDED READING ON IFRS AND GAAP
- IFRS: No Longer If, but When
- What If IFRS Replaced GAAP?
- SEC Allows Dual Accounting System
- The Dark Side of Global Accounting Rules
- Herz Calls for "Choice with a Timetable"
- Is FASB Fading Away?
- Gradison: Get Cracking on Convergence
- SEC Proposes Independence from GAAP
- Auditor: Convergence Spurs Revenue Wreck
- IASB Looks for a Parent
- One Standard, Many Laws
- IFRS Fueled Much of Chrysler's Huge Loss
- CFOs in a Dead Heat on Allowing IFRS
- How to Fix Accounting's Complexity
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Reader CommentsDisplaying 1 of 1
Gholamhossein Davani
Jan 23, 2008 2:49 PM ET
IFRS
US is leader of world trade,WTO,World bank and even Un ?!Thus it is better the us &SEc accept to comply IFRS instead of … more
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