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16 Jan 2009
Mary Schapiro, the incoming head of the Securities and Exchange Commision has dealt convergence efforts a major blow by saying she may shift the goalposts on the US adoption of IFRS.
'I will not be bound by the existing roadmap that's out for public comment,' cfo.com reported.
Her comments came in the wake of Paul Volcker, the former chairman of the International Accounting Standards Committee Foundation, saying: 'I do think we ought to be working toward international accounting standards and have them standard around the world under the general aegis of the International Accounting Standards Board, and there's been a lot of progress in that direction.'
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Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
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AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
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