IFRS and GAAP Convergence – A Case for Technical Isolationism

| Audit and Accounting

By Mike Alerding     The freight train running down the tracks at breakneck speed called "IFRS/GAAP Convergence," is headed for a tragic and regrettable collision with reality and common sense. Creditors, investors and stockholders are all giving a hearty thumbs-up to convergence under the mistaken premise that the grass is actually greener on the world stage. These so-called "users" in the U.S. are hiding behind the same curtain that hid the Wizard of Oz and, through their silence, are condoning Read more [...]