BiG Consulting Corporation

Survival of the International Accounting Standards Board as originally conceived has been put in question by the uncertainty over the adoption of global accounting standards in the U.S., said Tommaso Padoa-Schioppa, newly appointed chairman of the IASB trustee group. Read more…

From the Journal of Accountancy:

IFRS For SMEs-U.S. GAAP Comparison Tool Available Online While the SEC moves toward a 2011 vote on whether to require U.S. public companies to report using IFRS, a more compact version of the international standards is already an option, subject to state board approval, for U.S. private companies. Now there’s a free online tool to help preparers understand how that streamlined standard compares to U.S. GAAP. Read more…