TITLE

IFRS Would Escalate Ethical Challenges for Accountants

AUTHOR(S)
Verschoor, Curtis C.
PUB. DATE
July 2010
SOURCE
Strategic Finance;Jul2010, Vol. 92 Issue 1, p13
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
51883182

 

Related Articles

  • Roadmap for standards equivalence.  // Accounting Today;5/16/2005, Vol. 19 Issue 9, p3 

    Reports that the U.S. Securities and Exchange Commission and the European Commission have reached an agreement in 2005 on a roadmap toward equivalence between international and U.S. accounting rules. Significance of the issue to European companies which do business in the U.S.; Factors which...

  • SEC SLOWS IFRS GLOBAL IMPLEMENTATION.  // Accountancy;Apr2010, Vol. 145 Issue 1400, p86 

    The article examines the U.S. Securities & Exchange Commission's (SEC) commitment to enacting International Financial Reporting Standards (IFRS) for accounting of corporate financial statements.

  • Companies Wait for Clearer Guidance Before Adopting IFRS. Morgan, John // Money Management Executive;10/26/2009, Vol. 17 Issue 41, p1 

    The article reports that international companies have decided to wait up for clearer guidance before adopting the principles-based International Financial Accounting Standards (IFRS). The International Accounting Standards Board are making changes to the U.S. Generally Accepted Accounting...

  • News.  // Accountancy;Apr99, Vol. 123 Issue 1268, p7 

    The article reveals that senior officials in the International Accounting Standards Committee are beginning to acknowledge that an unconditional endorsement of core standards is increasingly unlikely. Many observers believe that the International Organisation of Securities Commission, and in...

  • Lobbying of the IASB: An Empirical Investigation. Hansen, Thomas Bowe // Journal of International Accounting Research;2011, Vol. 10 Issue 2, p57 

    This paper provides evidence on how the International Accounting Standards Board (IASB) generates accounting standards in the presence of lobbyists with differing preferences. I develop hypotheses regarding the associations between attributes of lobbyists and their lobbying activity, and their...

  • SEC Proposes Roadmap for U.S. Issuers to Switch to IFRS.  // Venulex Legal Summaries;2008 Q4, Special section p1 

    The article announces a roadmap published by the U.S. Securities and Exchange Commission (SEC) on November 14, 2008 for issuers to switch to International Financial Reporting Standards (IFRS). The IFRS were issued by the International Accounting Standards Board (IASB), which will replace U.S....

  • News.  // Accountancy;Apr99, Vol. 123 Issue 1268, p7 

    The article reveals that senior officials in the International Accounting Standards Committee are beginning to acknowledge that an unconditional endorsement of core standards is increasingly unlikely. Many observers believe that the International Organisation of Securities Commission, and in...

  • International briefing.  // Accountancy;Nov2006, Vol. 138 Issue 1359, p74 

    The article presents international news briefs about accounting. The International Accounting Standards Board will be issuing a discussion paper in the fourth quarter of 2006 called FAS 157, "Fair Value Measurement." The United States Securities and Exchange Commission's office of the chief...

  • Financial Reporting: International briefing. Cairns, David // Accountancy;Aug2007, Vol. 140 Issue 1368, p80 

    The article provides several international business news briefs. The International Accounting Standards Board has issued several programs that will begin in 2008, including one for customer loyalty and another for employee benefits. The Securities and Exchange Commission has proposed a rule that...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics