IFRS implications for the CIO
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by Sarah Johnson
In the nation's finance departments, the wince-inducing memories are still fresh of having to lean on IT for help deciphering Sarbanes-Oxley. Yet CFOs are being faced once more with turning to their technology counterparts for guidance in a major financial reporting project.
The job this time — converting to a new accounting language — could require changes to IT systems, too.
Accounting experts are recommending that those conversations begin now, as the Securities and Exchange Commission inches toward mandating that all U.S. publicly traded companies use international financial reporting standards. (more...)
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