Deloitte has formed an International Financial Reporting Standards University Consortium to help bring IFRS into more college classrooms.

IFRS has been on a path to convergence with U.S. generally accepted accounting principles as the Financial Accounting Standards Board and the International Accounting Standards Board work together on the transition.

Through the IFRS University Consortium, Deloitte is contributing resources to Ohio State and Virginia Tech universities to help the schools develop IFRS curricula. The contributions include drafting course materials such as classroom guides and case studies and providing Deloitte professionals as lecturers. The classroom guides and course materials will be made available to other interested universities.

In November 2007, the Deloitte Foundation approved a grant of $81,000 to Virginia Tech to develop teaching materials to help instructors and professors incorporate the differences between U.S. GAAP and IFRS into their intermediate accounting courses. Deloitte has also been contributing case studies and course materials to Ohio State and participating in classroom lectures. For more information, visit www.deloitte.com/us/ifrs/consortium.

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