Tag Archives: IFRS

NASBA in Support of Independently Funded Accounting Standard Setting Board

August 5, 2009 — The National Association of State Boards of Accountancy (NASBA) supports the grand ideal of global accounting and auditing standards that are developed by highly qualified representatives of subscribing governments. “These standard setters and any standard setting body to which they’re attached must be truly independent,” noted NASBA President, David Costello, at…

Written on August 5, 2009 at 4:46 pm, by

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Meetings Ponder IFRS Adoption

State Board Report July 2009 Although that states’ CPAs are already using International Financial Reporting Standards (IFRS) for the US subsidiaries of foreign companies, Strategic Initiatives Committee Chair Gaylen Hansen still told the 2009 Regional Meetings that he believes the Securities and Exchange Commission’s “Roadmap” to the adoption of IFRS is “at a bit of a…

Written on July 5, 2009 at 9:19 pm, by

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IFRS East Breakout

April 27, 2009 During the past several years, the move toward a single set of high quality, globally accepted accounting standards has gained momentum. For example, in 2005 the European Union began requiring companies incorporated in its member states whose securities are listed on an EU-regulated stock exchange to prepare their consolidated financial statements in accordance…

Written on April 27, 2009 at 1:40 pm, by

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Categories: AICPA
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AICPA Analysis of Comment Letters SECs Proposal

April 27, 2009 U.S. Uniform CPA for the first time in the UAE Registration begins in May and International Administration set for August 2011 During the past several years, the move toward a single set of high quality, globally accepted accounting standards has gained momentum. For example, in 2005 the European Union began requiring companies incorporated…

Written on April 27, 2009 at 1:27 pm, by

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Atkinson to Address Educators

State Board Report December 2008 Should a candidate be able to take the Uniform CPA Examination when he or she has 120 hours of education and then wait until 150 hours are obtained to be licensed? NASBA’s study of that question will be discussed by NASBA Vice Chair Billy Atkinson at the February 8, 2009 meeting…

Written on December 3, 2008 at 1:36 pm, by

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Categories: State Board Reports
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Seidman & O’Dell Look at IFRS

State Board Report November 2008 It makes sense that there be a single set of high quality accounting standards around the world, Financial Accounting Standards Board Member Leslie F. Seidman told the Annual Meeting audience. Over the years, the differences between the standards issued by the International Accounting Standards Board and the FASB have been narrowed,…

Written on November 13, 2008 at 12:57 am, by

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2008 Annual Meeting, Judith H. O’Dell, What About Private Companies?

October 28, 2008 Outline: About the Private Companies Financial Reporting Committee IFRS for Private Entities Possibilities for U.S. private companies See Full Presentation:IFRS and Private Companies Report

Written on October 28, 2008 at 8:16 pm, by

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FIAR Conference 2008 Press Release

NASHVILLE, TN (October 15, 2008) – International Accounting Regulators from China, Germany, Poland and more than 15 countries will meet in Boston, Mass., (Westin Copley Place) on October 29-30, 2008, to participate in a forum focusing on the critical issues that may redefine the foundation of accountancy regulation throughout the world. Please Click Here for…

Written on October 17, 2008 at 6:10 pm, by

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Board’s Oversight Committees Meet

State Board Report October 2008 Tension is obvious between forces moving toward globalization of standards and the other forces developing, maintaining and enforcing US standards, Public Company Accounting Oversight Board Founding Member Bill Gradison observed in an address on September 16 at North Carolina State University. He pointed out that the current “state of play” involves…

Written on October 1, 2008 at 8:58 pm, by

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Students Ready for IFRS in 2011

State Board Report October 2008 The first class of graduating seniors likely to have a substantial amount of International Financial Reporting Standards (IFRS) education will be the class of 2011, according to 30 percent of the accounting faculty surveyed by the American Accounting Association and KPMG LLP. During July and August 2008, the survey team…

Written on October 1, 2008 at 12:20 am, by

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