Do you remember the Big Four mantra that IFRS adoption in the U.S. was “inevitable”? Today, thankfully, the operative word is “dead.” Even former SEC chair, Christopher Cox, whose brainchild was the IFRS adoption Roadmap, now comes to “bury IFRS." But…
In the main, the only reason my wife and I subscribe to magazines and newspapers in hardcopy is because she prefers them. I much prefer to get as much as possible from the web; the lone anomaly being the Journal…
As I was sitting down today to write the second and final installment on periodic lease expense, I received this email from a friend [bold italics supplied by yours truly]: I was at the IMA annual conference …. Leslie [Seidman,…
No one likes to be told they are irrelevant, but that was my first reaction to Bob Jensen's AECM post, in which he dubbed me the "Losing Cause Man of the Year." I am certain that Bob meant it as…
The SEC has finally conceded that its efforts to adopt IFRS have failed. Damage control has begun in earnest, but the ship is still taking on water. The SEC took a tentative poke at the problem last May with the publication…
Last February the SEC announced, that their IFRS Roadmap had morphed into a "staff work plan." The staff was supposed to publish its first progress report sometime in October, and wouldn't you know, it was posted to the SEC's website…
I recently recorded a podcast for Compliance Week with editor Matt Kelly, who interviewed me on the SEC's most recent statement on IFRS—a clear detour from the original Roadmap by any reasonable estimation. Matt gave me some sample questions in…