July 05, 2008
"Accounting Plan Would Allow Use of Foreign Rules"
Posted by David Zaring
The Times gets wind of, and gives big play to, accounting standards harmonization on a slow news day. Tea leaf readers would probably characterize the story as surprisingly skeptical. Find it here.
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1. Posted by M.D. Fatwa on July 6, 2008 @ 19:05 | Permalink
Does Labaton at all know what he's talking about? How would adopting IFRS affect U.S. auditor oversight rules? And what do accounting rules have to do with 15a-6 and mutual recognition? Since when does "different" mean "inferior"?
2. Posted by david on July 6, 2008 @ 20:32 | Permalink
Excellent questions. But he is a political reporter, right? This seems like a DC sourced story. Maybe that explains it some.
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