Today I’ll provide a brief glance at the huge end of the accounting world. I’m intentionally a one-person firm providing attestation services. My market is small nonprofits. I perceive most of the visitors to my blogs are from small CPA firms and small NPOs. As a result, all the readers here and I have a view of the small end of the accounting world.
Today’s questions: will US GAAP ever converge with IFRS, and what do financial statements look like for a really big company.
Will convergence with IFRS ever happened?