Comparatively few universities will be educating students in international accounting standards this academic year, despite plans by the Securities and Exchange Commission to impose the new standards on U.S. companies.
Only 22 percent of 535 accounting professors surveyed by the American Accounting Association and KPMG said they would incorporate International Financial Reporting Standards into their curricula in any significant way in the 2008-2009 academic year. Sixty-two percent admitted they have not taken any significant steps toward doing so.
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