IFRS: What Should You Be Doing to Prepare?

With much uncertainty surrounding whether and when adoption of International Financial Reporting Standards will come to be, Grant Thornton LLP's National Partner-in-charge International and Domestic Accounting Gary Illiano says, "Companies should begin to get an understanding of what's going to change if or when IFRS are adopted.

This, he says "is a bigger project than most people realize, so if companies don't pay attention, they may end up leaving opportunities on the table when they do convert."

Read the entire document: "What Should You Be Doing To Prepare for IFRS? (Hint: The Answer is Not 'Nothing.')