Convergence Since 2002, The Financial Introduction

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The accounting convergence project of the FASB and IASB has proceeded slowly, despite a new deadline of 2014 from the SEC. There remain several key issues that are bogging down the conversion process. This dissertation will outline where American public companies stand on this issue. It will attempt to ascertain how much they understand about the convergence process and how prepared they are for full conversion to international financial reporting standards.

Works Cited:

AICPA. (2010). IFRS primer for audit committees. AICPA. In possession of the author.

American Bar Association (2010) Program: International financial reporting standards: Implications of accounting convergence for business lawyers. American Bar Association. Retrieved November 2, 2011 from http://www.americanbar.org/content/dam/aba/publishing/business_law_today/buslaw_blt_content_2010_11_0005.pdf.

Barth, M., Landsman, W., Lang, M. & Williams, C. (2011). Are IFRS-based and U.S. GAAP-based accounting amounts comparable? Stanford University...

...

78.
Bratton, W. (2011). Heedless globalism: The SEC's roadmap to accounting convergence. University of Cincinnati Law Review. Vol. 79 (2) 470-498.

FASB.org (2011) website, various pages. Retrieved November 2, 2011 from http://www.fasb.org/

Hail, L., Leuz, C. & Wysocki, P. (2009). Global accounting convergence and the potential adoption of IFRS by the United States: An analysis of economic and policy factors. Wharton School Working Paper

Jones, H. (2010). Lehman case "backs" accounting convergence. Reuters. Retrieved November 2, 2011 from http://www.reuters.com/article/2010/04/29/us-regulation-summit-accounting-idUSTRE63S22920100429

PWC. (2007). Convergence of IFRS and U.S. GAAP. Price Waterhouse Coopers Viewpoint. In possession of the author.

Qu, X. & Zhang, G. (2010). Measuring the convergence of national accounting standards with international financial reporting standards: The application of fuzzy clustering analysis. The International Journal of Accounting. Vol. 45 (3) 334-355.

Sources Used in Documents:

Works Cited:

AICPA. (2010). IFRS primer for audit committees. AICPA. In possession of the author.

American Bar Association (2010) Program: International financial reporting standards: Implications of accounting convergence for business lawyers. American Bar Association. Retrieved November 2, 2011 from http://www.americanbar.org/content/dam/aba/publishing/business_law_today/buslaw_blt_content_2010_11_0005.pdf.

Barth, M., Landsman, W., Lang, M. & Williams, C. (2011). Are IFRS-based and U.S. GAAP-based accounting amounts comparable? Stanford University Working Paper No. 78.

Bratton, W. (2011). Heedless globalism: The SEC's roadmap to accounting convergence. University of Cincinnati Law Review. Vol. 79 (2) 470-498.
FASB.org (2011) website, various pages. Retrieved November 2, 2011 from http://www.fasb.org/
Jones, H. (2010). Lehman case "backs" accounting convergence. Reuters. Retrieved November 2, 2011 from http://www.reuters.com/article/2010/04/29/us-regulation-summit-accounting-idUSTRE63S22920100429


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