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  • +2

    SEC Takes Another Baby Step Toward IFRS

    SEC Takes Another Baby Step Toward IFRS
    Call the SEC's most recent statement on IFRS deliberate, or reasoned, or cautious. Just don't call it breaking news. In a unanimous decision, the SEC has voted to issue a statement supporting the ongoing pursuit of a single set of global accounting standards. What it didn't do is anything earth-shattering, like set a date for when the United States would join ...
    Published about 9 years ago | Rated: +2
  • +1

    GAAP and its Sources

    GAAP and its Sources
    The term "generally accepted accounting principles" has a specific meaning for accountants and auditors. The AICPA Code of Professional Conduct prohibits members from expressing an opinion or stating affirmatively that financial statements or other financial data "present fairly... in conformity with generally accepted accounting principles," if such information contains any departures from accounting principles promulgated by a body designated by the ...
    Published over 9 years ago | Rated: +1