Do International Financial Reporting Standards Live Up to Their Promise? - Knowledge@Wharton

Do International Financial Reporting Standards Live Up to Their Promise? - Knowledge@Wharton: "Under the lead of the International Accounting Standards Board (IASB), already more than 100 countries, most notably the European Union and many Asian economies, have either implemented International Financial Reporting Standards (IFRS) or plan to do so. So far, the United States has been a holdout.