Accounting Policy Update: Critical juncture in global accounting standard setting

Efforts by the FASB and the IASB to converge their respective frameworks will reach their most active level over the next 12 to 18 months. The results of these efforts could notably change accounting standards worldwide and will significantly influence the determination by the SEC as to whether to incorporate IFRS into the financial reporting system for US issuers. It may not feel like it to the casual observer, but we are entering a critical period in standard setting.

>> Accounting Policy Update: Critical juncture in global accounting standard setting, June 14, 2010 [PDF 650 KB]