Al Rosen, noted Canadian forensic accountant and IFRS opponent, has written Swindlers: Cons & Cheats and How to Protect Your Investment From Them.
I have not read the book, but I have viewed a promotional video in which Rosen hits on some of the unanswerable criticism of IFRS. He lost the battle in Canada, but he has sage advice for Americans.
Everything points to a train wreck with U.S. adoption of IFRS. But who knows, the special interests pushing it might be doing us a favor.
Debit and credit – – David Albrecht