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Ready, Set, Go Global

It looks like most CPAs in this country are gearing up for the move toward global accounting standards, likely to be adopted in 2015. A new survey by the American Institute of Certified Public Accountants shows growing awareness for the International Financial Reporting Standards (IFRS), along with the recognition that expert knowledge will be necessary when they are implemented. IFRS have already been issued for small and medium-sized entities; it turns out survey respondents are still a bit unsure about adopting them. Click here to find out what your peers are thinking.

http://www.accountingweb.com/topic/accounting-auditing/us-cpas-gaining-ifrs-awareness