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IFRSs gaining acceptance among US CPAs

  • IFRSs in the USA Image

06 Dec 2008

The US accounting profession increasingly believes that international accounting standards will be implemented in the United States and is beginning to prepare for the change, according to a survey conducted by the American Institute of Certified Public Accountants.

The survey shows a significant and positive shift in the number of firms and companies that are starting to prepare for eventual adoption of IFRSs.

  • 55% of CPAs at firms and companies nationwide now say they are preparing in a variety of ways for adoption of IFRS, an increase of 14 percentage points from 41 percent who were preparing for change according to an AICPA survey in April 2008.
  • 65% of CPAs say they have some knowledge of IFRS but need to learn more.

The survey results are based on 1,495 AICPA-member respondents, who took an online survey between 22 September and 2 October 2008. The margin of error was less than plus-or-minus 3 percentage points. Click for:

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