Dennis over at AccMan Pro has commented on the difference between rules-based US GAAP and international principles-based IFRS, and his thoughts echo mine: Recent commentary has suggested the idea of convergence between US GAAP and IFRS won’t happen until hell freezes over. I’ve long held the view that the rules based US GAAP system is […]
Tag: WorldCom ↓
More discussion of rules versus principles
June 5th, 2006 · 2 Comments
Category: Accounting Standards
Tags: CA, Enron, GAAP, IFRS, principles, rules, standards, WorldCom
