U.S. accountants are stuck in a holding pattern on International Financial Reporting Standards, getting a little more familiar with what they are but not willing to invest resources into IFRS readiness without more guidance from the Securities and Exchange Commission.
That was the finding of the latest tracking survey by the American Institute of Certified Public Accountants, which is trying to gauge how U.S. accountants are preparing to eventually work with IFRS. Last conducted in September, the survey shows a leveling off in the number of accountants who say they are familiar with IFRS along with a slight decline in the number of accountants who say they have no clue.
