Regular CPA Exam Preparation Blog readers will know that weve been talking about IFRS for some time now. The controversy around IFRS continues to boil and bubble, with no signs of an absolute resolution on the horizon. Some folks support full adoption of IFRS, while others continue to push for convergence of GAAP.
Regardless of the eventual outcome, IFRS content is coming to the CPA Exam. Consider the following issue of the CPA Letter Daily:
AICPA volunteers needed to develop questions on IFRS for CPA Examination
CPA Letter Daily | May 13, 2009
The AICPA Examinations Team is seeking professionals with solid skills and knowledge in International Financial Reporting Standards to write multiple-choice questions on IFRS for the CPA Exam. This opportunity presents a unique way to network with other IFRS experts and contribute to the profession and the CPA Exam. Volunteers will participate in a two-day question-development workshop facilitated by AICPA test-development experts.
Two workshops will be held in the AICPA offices in New York City in June 2009 (9 a.m. to 5 p.m. ET each day), with additional development workshops to be organized throughout 2009 and 2010 (dates and locations to be arranged).
For eligibility requirements and more information, click here.
There's no reason to worry about the eventual addition IFRS content. By starting the content generation now, the AICPA is ensuring that the CPA Exam will be prepared for full adoption of IFRS. Even if a slow convergence is favored over adoption, the new content being generated is likely to maintain relevance. In any case, students will have plenty of time to prepare with the best CPA Exam review course available.