IFRS 'non-vergence' and the CPA Exam: Calling the AICPA to account

摘要

All accountants, and certainly all CPAs, should be keenly interested in and concerned about the activities of the American Institute of CPAs. As the leading professional society for CPAs, it shapes both policy and perceptions for the entire profession, members and non-members alike. Lately, we've grown disaffected with major moves that strike us as disconnected from the best interests of existing and future professionals. Last month, we examined the ongoing, ill-conceived push to create a new board for private company GAAP. This month, we're criticizing the irrational rush to adopt international standards and including that topic on this year's CPA Exam.