Tag Archives: IFRSFCL2

NASBA Responds to $3 Million FAF Contribution

February 18, 2014 NASBA has been following the U.S. GAAP/IFRS debate for a number of years and has consistently taken a position supporting disciplined convergence, respecting that the Financial Accounting Standards Board (FASB) should continue to be responsible for accounting standard setting in the United States. In late January, the Financial Accounting Foundation (FAF) issued…

Gaylen Hansen Issues Statement to SEC During IFRS Roundtable

Washington, D.C., July 7, 2011 – NASBA Director-at-Large, Gaylen Hansen, recently served as a panelist for the U.S. Securities and Exchange Commission’s (SEC) Roundtable on International Financial Reporting Standards in the United States. An excerpt from Mr. Hansen’s statement is posted below. “…There are extremely high risks in the ‘condorsement’ approach suggested by the [SEC]…