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Ajilon Finance Solutions/Institute of Management Accountants Survey Explores How Finance Professionals Are Viewing & Preparing For IFRS Conversion.

Publication: PR Newswire
Publication Date: 19-NOV-08 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
Majority of Finance Professionals Think Positively About IFRS, Even If They Are Not Prepared for Conversion

SADDLE BROOK, N.J., Nov. 19 /PRNewswire/ -- Fifty-eight percent (58%) of U.S. companies are unprepared to train staff for the transition from U.S. Generally Accepted Accounting Principles (GAAP) to International Financial Reporting Standards (IFRS), according to a new survey by Ajilon Finance Solutions and the Institute of Management Accountants (IMA). The survey, which polled approximately 500 finance and accounting professionals as part of IMA's Inside Talk Webinar Series, reveals there is still a high degree of uncertainty among finance and accounting professionals about the transition to IFRS, despite the vast majority (86%) of professionals...

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