IFRS is in the news (again). In 2011, the SEC will decide on the path of transition by public companies for the use of International Financial Reporting Standards (IFRS). What does this mean? What happens to US GAAP? Are there alternatives for non-public companies?

You can tell that that the convergence of IFRS and US GAAP is inching forward by tracking movement in the industry. Beginning this month AccountingWEB will publish a quarterly newsletter dedicated to the latest developments on IFRS. The IASB and FASB have multiple meetings scheduled for February. Exposure drafts are being reviewed and commented on. Are you ready?

Join Russell Madray, CPA, CIA, CMA, CFM at his IFRS 101 webcast on Feb 7. You’ll learn effective and efficient techniques for implementing changes resulting from the transition to IFRS. The session will be repeated on May 7 as well.

Happy convergence!