AICPA survey shows CPAs want more time for adopting IFRS

According to a survey by the American Institute of Certified Public Accountants (AICPA), CPAs gained familiarity with International Financial Reporting Standards (IFRS) over the past six months. When asked whether they think the Securities and Exchange Commission (SEC) proposed timeline should be changed, 47% said it should be delayed. Twenty-two percent supported the proposed timeline and 6% want it to be accelerated. The remainder were unsure. (Read the AICPA news release and article at JournalofAccountancy.com.)