Differences Between IFRS and GAAP Could Create Challenges for Educators

By Dr. Yvonne Hinson

IFRS will most likely come to the U.S. in some form but the timeline is still unknown. The differences between IFRS and GAAP are something that educators need to be addressing now as they send students out into a global marketplace.

IASB Loses Autonomy as New Oversight Board is Established

The previous autonomy enjoyed by the IASB has come into question, and some of that autonomy has now been removed with the addition of an extra layer of governance. A new oversight board was established recently that will review the IASB and its trustees.