Grant Thornton CEO Ed Nusbaum and incoming CEO Stephen Chipman talked with Accounting Today editor-in-chief Bill Carlino about how the firm is changing and globalizing.

Starting in January, Nusbaum will become CEO of Grant Thornton International and Chipman, who has been running the firm’s Greater China Management Corp., will replace Nusbaum as CEO of the U.S. firm Grant Thornton LLP.

In this first of a series of videos, the two CEOs talk about the roadmap to International Financial Reporting Standards, the battle over fair value accounting and other topics, including political interference in accounting standards. "The critical thing is to keep Congress out of standard-setting," said Nusbaum.

"I think it's critical that we move forward with convergence, global standards," said Chipman. "I think it's in the best interests of the investment community, and I'm hopeful that we can get IFRS back on track in terms of its adoption here in the United States, and we can work through some of the issues. But I completely understand that there are going to be barriers and hurdles along the way."


Click on the video below to watch them.

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