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Archive for September, 2008

International Fleecing of Responsible Standards

Posted in Accounting, IFRS, Regulation, tagged , , , , , on September 29, 2008 | Leave a Comment »

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Keep All Eyes on the Bouncing Ball of IFRS

Posted in Accounting, IFRS, Regulation, tagged , , , , , , on September 29, 2008 | Leave a Comment »

Oh sure, the sub-prime crisis and the federal bank bailout are all important, but let’s all keep our eyes on what is really, really important–the push to switch the U.S. from GAAP to IFRS.
I am somewhat frustrated that it is taking the SEC so long to get the proposed road map published.  Despite labeling the [...]

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Even More on the IFRS Road Map Delay

Posted in Accounting, IFRS, Regulation, tagged , , , , , , , on September 26, 2008 | 1 Comment »

I got off the phone with Kevin Callahan of the SEC press office at 6 p.m. ET on Friday.  He seems very sincere.  After communicating a couple of times via e-mail, I have no doubt about his belief in the things he said.
He said that there is no science as to how long it takes [...]

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More On the IFRS Road Map Delay.

Posted in Accounting, IFRS, Regulation, tagged , , , , on September 26, 2008 | Leave a Comment »

11:45 a.m.
I just talked with Liza McAndrew Moberg, Professional Accounting Fellow, Office of Chief Accountant , Securities and Exchange Commission, Washington, D.C., the person apparently designated to respond to my inquiry for more information.
She said that she had no knowledge when the details (about the SEC road map to IFRS) would be released.  She [...]

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Why IFRS Won’t Work in the United States.

Posted in Accounting, IFRS, Regulation, tagged , , , , , , , on September 26, 2008 | Leave a Comment »

The subject of today’s essay is to debate the notion that the time is right to kill off United States Generally Accepted Accounting Principles (GAAP).  As we all are aware now, the Securities and Exchange Commission (SEC) announced on August 27, 2008, a road map for the transition from GAAP to International Financial Reporting Standards [...]

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Accounting Ads, part 1

Posted in Humor and cartoons, tagged , , , , , on September 26, 2008 | Leave a Comment »

Another long week. These images are for those needing a smile. I’m using royalty free images from Broderbund and my own warped sense of humor. My renditions are not in the public domain.

Over and out – – David Albrecht

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Cold feet, Mr. Cox?

Posted in Accounting, IFRS, Regulation, tagged , , , , , on September 25, 2008 | 2 Comments »

Professor Lawrence A. Cunningham, of George Washiington University Law School, last night suggested in “Where’s the SEC?” that there is something substantial to be read into the SEC failing to open up the 60 day comment period on its proposed road map to IFRS.  Mr. Cunningham suggests that SEC chairman Christopher Cox has cold feet!
The [...]

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No post today.

Posted in Accounting on September 24, 2008 | Leave a Comment »

There is no regular post today.  I just didn’t get the article finished.   It will get completed, possibly on Thursday but more likely on Friday.
Well worth the wait, it is an important piece on why the U.S. should not switch to IFRS.
Over and out – – David Albrecht

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