GAAP versus International Financial Reporting Standards

Mon Jun 7, 2010 10:54am EDT

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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 critter@stern.nyu.edu.

NYU Stern
Carolyn Ritter, 212-998-0624
critter@stern.nyu.edu



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