Closing the GAAP - FP Comment
Closing the GAAP - FP Comment we should expect the United States to use its power and influence to make changes to IFRS before it agrees to adopt it. We should also expect to see the IASB agree to these changes in order to obtain the buy-in from one of the world’s largest economies. What does this mean for companies that are working hard to adopt the new accounting standards? IFRS is a moving target and until the United States buys into the standards, we cannot consider it finalized.
