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AFP Publications
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AFP Update: IFRS
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Members:
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FREE |
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Non-Members:
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Summaries FREE to registered users. Select content is for AFP members only. |
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Format:
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E-newsletter |
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Summary
This timely series of news briefs highlights International Financial Reporting Standards from a treasury and finance perspective, especially regulatory changes, case studies from corporations making changes, costs involved, and best practices. Includes commentary and views from AFP members as well as insight into AFP's advocacy efforts.
Excerpt
FROM AFP's COMMENT LETTER TO THE SEC:
"Secure, transparent and efficient global capital markets is a goal shared by AFP members and regulators. In order for U.S. corporations to stay competitive in the global markets, there must be a level playing field which does not disadvantage U. S. companies. An option that would allow U.S. issuers the option to prepare statements in accordance with International Financial Reporting Standards would help assure that U.S. companies are not placed at an unfair disadvantage in the global marketplace. Some U.S. companies are capable of making the transition now, including international U.S. companies that already are required to use IFRS in other jurisdictions. However, the accounting infrastructure for most domestic companies is not yet in place."
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