US adoption of IFRS remains highly uncertain
August 10th, 2010
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. “The aspiration of having global standards depends very much on the adoption of global standards by the United States, and this is highly uncertain and may still give us a big disappointment in a year or so from now,” he said. Read the entire article here.
