The spiritof accounting The top 11 falsehoods about the IASB. IFRS and U.S. adoption

摘要

Although weary from writing about the concerted push to embrace the International Accounting Standards Board and adopt IFRS in the U.S., we remain wary because lobbyists continue publishing propaganda-like announcements to advance their dubious interests. We're not being glib when we use the term "propaganda," which is defined as: "information, especially of a biased or misleading nature, used to promote or publicize a particular political cause." We're confident that most adoption apologists, especially the American Institute of CPAs, the large accounting firms, and the IASB, know that IFRS is seriously flawed. However, they maintain the subterfuge with simplistic claims that don't hold up under closer scrutiny. This column discredits their arguments by explaining the top 11 falsehoods that continue to be foisted on the profession and others.