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Why Are US Companies Hesitant on Training IFRS?
Due to the Securities and Exchange Commission failing to provide CFO’s with a confirmed date as to when IFRS (International Financial Reporting Standards) is to be implemented, many of the leading companies in our country are not directing their resources towards the change and feel it is not a priority. It’s not surprising to learn that many of our nation’s top companies are hesitant simply due to the fact that the SEC has not finalized or provided an exact guideline as to what the final outcome is to be.
Greece, A Nation Sinking in DebtGreece, to many the founder of “Democracy,” and a modern European state has enormous debt problems, which amount to over 430 Billion dollars. This is prompting the current government to cut budgets, and risk further social unrest, after the Riots of 2008.