Comments of AICPA Chair on IFRSs

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24 Dec 2004

In his monthly column in the November 2004 issue of the AICPA members' newsletter The CPA Letter, Robert L.

Bunting, Chair, AICPA Board of Directors, writes about the growing importance of IFRSs in the USA:

As we move closer to 2005 and the beginning of a long-planned convergence between U.S. and international accounting standards, American CPAs will be increasingly affected by the decisions of the International Accounting Standards Board. The U.S. profession will be only one of many wishing to be heard in this standard-setting process. Our outreach efforts and our ability to coalesce with a variety of regulators and other interested parties will help determine our level of influence.

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