Article: Move Over GAAP, Preparation Begins Now for Move to New International Financial Reporting Standards.

The expansion of the global economy continues to affect the way companies do business, and the U.S. Securities and Exchange Commission's current timeline for the adoption of international standards will have a significant impact on how companies report financial results. To help business leaders prepare now for the expected challenges, Protiviti Inc., a global business consulting and internal audit firm, has released the Guide to International Financial Reporting Standards: Frequently Asked Questions.

Recent communication from the SEC stating that convergence to International Financial Reporting Standards (IFRS) is going to be a priority of its staff over the ...

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