IASB Plans Network for IFRS. U.S. Seen Cautious. World is Cranky. Deadline: 2013.
The International Accounting Standards Board plans to establish a formal network to give standard-setting bodies a voice when their countries switch to International Financial Reporting Standards. There is conflict, however, over how the network will operate and whether it would dilute IFRS as a single set of reporting standards. Advocates of such a network say the U.S. will not commit to IFRS without it. Â ...Read more ›