IFRS Would Escalate Ethical Challenges for Accountants

Verschoor, Curtis C.
July 2010
Strategic Finance;Jul2010, Vol. 92 Issue 1, p13
The article discusses accounting principles and standards from an ethical perspective. The topics include the U.S. Generally Accepted Accounting Principles (GAAP), the International Financial Reporting Standards (IFRS), and the U.S. Security and Exchange Commission's proposal for the total convergence of foreign companies' IFRS results to GAAP by 2011. The so-called ethical gray areas that could result in misleading financial statements are noted.


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