AICPA calls for three- to five-year time line for transition to IFRS

摘要

On June 16, 2008, the American Institute of Certified Public Accountants (AICPA) president and CEO Barry Mel-ancon spoke at a Financial Accounting Standards Board forum and called for an orderly transition and reasonable time frame of three to five years for the US accounting profession to adopt IFRS. The forum's purpose was to discuss whether and how to move the US financial reporting system to IFRS, and to broadly define the next steps in that process.