Rate of change in accounting rules

Coming away from the 2011 CalCPA A&A conference, I realized again what a huge volume of change we are seeing in the accounting rules now.  There is a lot of stuff in exposure draft and more things just over the horizon.  

Just in terms of GAAP, I think that volume of change is going to increase.

In addition, I learned that SSARS rules are being rewritten into the clarified structure. Also, I’ve previously read the independence rules are being rewritten in clarified structure.

Coming to terms with that idea of increasing rate of change is the whole purpose behind my other blog, Outrun Change, by the way.

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