Submitted by Adrienne Gonzalez, republished from Going Concern, Accounting News for Accountants and CFOs.
Ed. Note: This is the second installment of Going Concern's dialogue with experts on International Financial Reporting Standards. See their first post with IFAC President Bob Bunting here and if you are an IFRS expert interested in joining the discussion, please contact them at firstname.lastname@example.org
It's appropriate to disclaim that The Summa's Professor David Albrecht is a friend of Going Concern and for the most part he and I share similar views on the US conversion to IFRS. If you have not read any of our previous rants on the subject, you're too far behind to catch up but I might suggest this?