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: