Date Added: Jul 2009
Many U.S. executives don't have fond memories of the effort required to address the year 2000 issue or implement the Sarbanes-Oxley Act. For many, a significant expenditure of time and capital was necessary to deal with those issues. Today, with the conversion to International Financial Reporting Standards underway in many countries and pending in others, some executives are wondering if a d?j? vu experience is in the offing. Fortunately, IFRS conversion efforts need not follow the Y2K or SOX pathway. Those arduous routes can be avoided in favor of an IFRS journey that may not only be comparatively safe and economical, but may also yield some tangible benefits along the way.