"With the increasing acceptance of IFRS in the global economy and its possible adoption in the U.S., CPAs are keenly interested in developing a broader understanding of international standards. A... Read more →
AICPA Video on GAAP Codification
"On July 1, 2009, FASB’s Accounting Standards Codification (ASC) is expected to be authoritative..." view video Reader Poll: Reader Survey: Are you aware of the FASB Accounting Standards Codification (which... Read more →
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U.S. "Will Be The Outlier" Without IFRS
"IASB member John Smith tells a European audience that "it is in the interest of the United States to adopt IFRSs in the next five years... The United States will... Read more →
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Using Operating Cash Flow to Detect Earnings Problems
"The relationship between earnings growth, more specifically,growth in income from continuing operations, and increases in operating cash flow is important and can provide meaningful insight into a company’s financial health.... Read more →
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Regulators Eye "Going Concern" Concerns
"With the economic crisis deepening, auditors and their clients get testy with each other about companies’ ability to survive. In the midst of an increase in the number of going-concern... Read more →
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