GAAP versus International Financial Reporting Standards
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NYU Stern Experts Available for Comment on Accounting Standards Debate NEW YORK--(Business Wire)-- As accounting policy makers, including the Financial Accounting Standards Board and the Securities and Exchange Commission, continue to discuss a game-changing shift in the world of financial reporting, NYU Stern experts are available to comment on a variety of issues surrounding the possible convergence of U.S. Generally Accepted Accounting Principles (GAAP) with International Financial Reporting Standards (IFRS). Topics of concern include: * How will statement readers reconcile the differences between firms who opt to use GAAP vs. those who use IFRS during this period of transition? * How should educators incorporate IFRS into the accounting curriculum? * Based on the variety of "types" of IFRS - e.g., European IFRS vs. country-specific versions of IFRS - which is the best option for the United States? * Do existing differences between IFRS and GAAP adversely impact global markets? * Are US companies prepared for IFRS compliance? The following Stern professors are available to provide perspectives and commentary on these issues: * Frederick Choi, international financial reporting expert and chair of NYU Stern`s Accounting Department * Eli Bartov, international and financial accounting expert * Seymour Jones, forensic and international accounting expert * Baruch Lev, financial accounting and corporate governance expert * Stephen Ryan, valuation, risk assessment and financial reporting expert * Paul Zarowin, expert on the relationship between financial accounting data and stock prices To arrange an interview with any of these experts, please contact Carolyn Ritter in Stern`s Office of Public Affairs at 212-998-0624 or firstname.lastname@example.org. NYU Stern Carolyn Ritter, 212-998-0624 email@example.com Copyright Business Wire 2010