IFRS newsletter - English - March 2009 - Mazars - Hungary
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IFRS newsletter - English - March 2009
Will the current crisis put an end to the convergence project between US GAAP and IFRS? This question may sound weird given the numerous joint projects.
Even the G20 called in London for a single international set of accounting standards. Nevertheless, the US are questioning the opportunity to move forward to IFRS. In February, Ms Schapiro, chairwoman of the SEC, presented her concerns to the US
Senate. Now, the FASB - the US standard setter - and the Financial Accounting Foundation call for comments as they try to investigate whether the benefits of
convergence would outweigh the costs. To be continued.
IFRS newsletter - English - March 2009 (.pdf - 221.75 kB)
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