According to groundbreaking research by Richard Mergenthaler, assistant professor of accounting at the University of […]
Tag: Why don’t you tell us how you really feel about IFRS?
In Case You Are Unclear, The P in GAAP Stands For Principles
“U.S. GAAP is founded upon principles, that’s what the P is supposed to stand for.”
– SEC Chief Accountant James Kroeker arguing at a Pace University IFRS discussion that GAAP is just as principles-based as IFRS.