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Survey: Colleges Slow on Including IFRS in Curricula

Tammy Whitehouse | September 8, 2008

Less than one-fourth of college accounting professors can incorporate international accounting rules into their accounting instruction this year in any significant way, according to the results of a survey of 535 accounting faculty conducted by the American Accounting Association and KPMG.

Just 22 percent said they are ready to teach International Financial Reporting Standards now, while 62 percent said that they have not taken any significant action steps. The Securities and Exchange Commission has proposed all public companies in the United States be required to file financial statements under IFRS by 2016.

Education and training is one of the milestones etched into the SEC’s proposed roadmap to transition U.S. capital markets to the international rule book. But changes in...

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