Free Site Registration


The Spirit of Accounting

FAF's 'gift' to the IASB: It's time to finally reject IFRS and the IASB for the U.S.

Print
Email
Reprints

Last month's column revealed how senior officials from the IFRS Foundation and the International Accounting Standards Board badgered Securities and Exchange Commission Chair Mary Jo White to find funding from someone, anyone, affiliated with the United States. Unlike her predecessor, Mary Schapiro, White relented and, we think, ill-advisedly redirected pressure onto the Financial Accounting Foundation, eventually extracting a $3 million contribution in January. In our view, this action amounts to an avoidable and regrettable breach in the commission's duty to preserve and protect the Financial Accounting Standards Board's independence and due process.

Get access to this article and thousands more...

All Accounting Today articles are archived after 7 days. REGISTER NOW for unlimited access to all recently archived articles, as well as thousands of searchable stories. Registered Members also gain access to exclusive industry white paper downloads, web seminars, podcasts, blog discussions, and conference discounts. Registered members may also choose to receive our exclusive Tax Pro Today e-newsletters covering the latest breaking news, opinions from industry leaders and developing trends.

Already Registered?

 

Twitter
Facebook
LinkedIn
Follow Accounting Today