Among the measures Europe wants to see are
agreed international accounting standards, the establishment of a college of supervisors for multinational firms and globally accepted standards of supervision for banks to apply in all countries.
Now, I know that the FASB is trying to create standards that will be more consistent
with international accounting standards, but what they are doing here will make accounting less comparable across US companies, particularly given that adherence to SFAS 159 is optional.
6) In the «Good News is Bad News» department, there is an article from the WSJ describing how the SEC may eliminate the FASB by allowing US companies to ditch GAAP, and optionally
use international accounting standards [IFRS].
When the post-2012 international climate agreement comes into effect, it is critical that countries employ both common methodologies to track greenhouse gas emissions and
common international accounting standards.
The deal with Theta will bring the accountancy firm's expertise in advising
on international accounting standards and combine it with Germany - based Leverton's natural language processing and machine learning capabilities in the real estate field.
Additionally, the implementation of new American and
International accounting standards and the potential for tax reform loom on the horizon, which may potentially impact your long - term strategy as well.
Well - grounded knowledge and comprehensive understanding of financial accounting and reporting according to
international accounting standards (GAAP)
To monitor Canadian generally accepted accounting principles applicable to the real estate industry; to monitor U.S. and
international accounting standards; to recommend changes when necessary to the REALPAC IFRS and ASPE Handbooks; and to monitor financial reporting rules and policies issued by security regulators in Canada and the U.S.