global accounting standards | Accounting Onion

tom.selling@accountingonion.com

Is the IFRS Rhetoric Machine Running Out of Gas?

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I haven't posted for a few weeks, because I broke my leg (road bicycling). I'm working on a few things having to do with leasing, but Floyd Norris's recent NYT column, "The Case for Global Accounting" has me back in…

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Way back in November 2008 when Christopher Cox was calling the tune, the SEC issued its proposed "Roadmap" for achieving a "single set of globally accepted accounting standards." That was the point at which the IFRS-adoption-is-inevitable" pot banging reached deafening…