Tuesday, August 26, 2008


In past, we have blogged about managerial problems created when companies switch accounting standards. As US regulators debate whether to permit or require US firms to prepare financial statements using International Financial Reporting Standards (IFRS), a new paper concludes that net income computed with GAAP has a higher information content than net incomce computed under IFRS.

1 comment:

  1. Thanks for the reference I downloaded a copy.

    I wonder if the conclusions will be the same once convergence projects are complete?