http://www.concurringopinions.com/archives/2008/11/sec_schizophren.html The Law, the Universe, and Everything Tue, 14 Feb 2012 05:18:12 +0000 hourly 1 http://wordpress.org/?v=3.2.1 http://www.concurringopinions.com/archives/2008/11/sec_schizophren.html/comment-page-1#comment-45978 Maryland Conservatarian Tue, 18 Nov 2008 20:58:11 +0000 http://www.solove.org/archives/2008/11/sec-schizophrenic-on-global-accounting.html#comment-45978 I just can't get too worked up by all of this - the early adopters will be those who can do so with minimum disruption and many will want to because it will streamline their financial reporting into one coherent set of accounting principles. Others, for which IFRS offers no real benefit, will rightfully resist until IFRS/GAAP have morphed into indistinguishable principles/policies and this isn't just seen as some PC move to be better world citizens. I just can’t get too worked up by all of this – the early adopters will be those who can do so with minimum disruption and many will want to because it will streamline their financial reporting into one coherent set of accounting principles. Others, for which IFRS offers no real benefit, will rightfully resist until IFRS/GAAP have morphed into indistinguishable principles/policies and this isn’t just seen as some PC move to be better world citizens.

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