While U.S. and international accounting standards seem set on an inevitable convergence path, some are worried that the U.S. approach may end up becoming a bad influence on International Financial Reporting Standards.
At a series of panel discussions and public interviews Tuesday on the global integration of accounting standards, sponsored by Pace University's Lubin School of Business, several of the assembled accounting experts acknowledged that IFRS is not going to be the same after it meets U.S. generally accepted accounting principles.
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