"The quality of financial information produced by IFRS is very high, thanks to the work of the IASB, but also to the convergence project with the United States. And a decade of use by both advanced and developing economies has shown that our mission of a s ingle set of high global accounting standards is desirable, achievable and in my view, inevitable." [IASB's Ian Mackintosh, The Maturing of IFRS]
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Confidential to Sir David Tweedie: Mary Schapiro Isn’t Hearing Encouraging Words on IFRS
- Caleb Newquist
- June 21, 2011
Speaking at The Wall Street Journal’s annual CFO Network meeting in Washington D.C., Schapiro readily admitted that there isn’t a big push from either multinationals or shareholders to move to international financial reporting standards.
In response to a question from Bank of America’s CFO, Chuck Noski, Schapiro said, “We have not heard from a lot of shareholders that we have to go (to IFRS). We’ve heard the contrary… ‘Why would we take this step toward international accounting standards?’” [CFOJ]
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Hans Hoogervorst Would Like You to Look at the Example Brazil Is Setting
- Caleb Newquist
- October 29, 2011
If anyone over the SEC needs a little help getting their heads around how to best get on board with IFRS, H-squared has found a prize pupil for you to emulate:
Addressing a conference in Sao Paolo, the former Dutch finance minister used Brazil as a “textbook example” of how best to implement global accounting standards. Hoogervorst […] praised the country’s full adoption and decision not to “tweak” the standards, saying this means global investors are “entirely comfortable” Brazilian companies’ financial statements.
Hoogervorst: Brazil embodies ideal IFRS adoption [Accountancy Age, Earlier]
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New Hans Necessary If IASB Really Wants IFRS Implemented
- Caleb Newquist
- June 18, 2012
This is the fourth installment of our Going Concern freelancer submissions. The following is by […]