Small business need-to-know and some how-to for thought.
Excerpt……….For the past few years the SEC has worked on its plan on whether or not to adopt International Financial Reporting Standards (IFRS) in the United States for domestic public registrants. So far no clear answer has been proposed and the deadline for it has been postponed to this year. Parallel to this SEC initiative, the FASB and the IASB are progressing on their Convergence Project with an expected completion date this year.
Read full article……via When Should You Move to IFRS? | Business Finance.