US - IFRS aims to level playing field but causes some concerns

The possible adoption of International Financial Reporting Standards (IFRS) by the United States is meant to level the global playing field and make it easier to compare financial statements of companies around the world. However, critics and concerned parties say that the benefits of the global accounting standards would vary considerably among different companies in the United States. (Read the article called IFRS: Jekyll or Hyde? at CFO.com.)