Accountants in the U.S. are increasingly starting to prepare for the transition to International Financial Reporting Standards, according to a new survey by the American Institute of CPAs.
A 55 percent majority of CPAs at firms and companies nationwide now say they are preparing in a variety of ways for adoption of IFRS, an increase of 14 percentage points from the 41 percent who told the AICPA they were preparing for the change in April. The latest results are based on 1,495 AICPA members who responded to an online survey between Sept. 22 and Oct. 2, 2008.
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