Many of our readers in the professional accounting, reporting, tax and corporate finance fields are already familiar with the impending adoption of IFRS rules in the US and many countries all over the world. We thought we would write a bit about the current situation and how it is being handled at the Big Four accounting firms, given that it is going to be a critical issue for them in terms of public auditing, financial statement reporting as public company clients either converge GAAP to IFRS or convert fully to IFRS in the next few years and require hand-holding, guidance and advice from the Big Four firms...
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