IFRS: Will Be In U.S. In Three To Five Years!

AICPA President and CEO Barry Melancon predicts that international accounting standards will be adopted in the U.S. in the next three to five years. Surveyed CPAs say they need that long to prepare. Are you ready?

http://www.aicpa.org/download/news/2008/AICPA_CALLS_FOR_THREE_TO_FIVE_YEAR_TIMELINE_FOR_REASONABLE_TRANSITION_TO_IFRS_6-17-08.pdf

Is Missouri Losing A-B?

It’s definitely the talk in St. Louis....and throughout the country as well.

Will InBev takeover St. Louis based Anheuser-Busch?

Despite A-B's 148-year family heritage and CEO August Busch IV's recent statements that it's not for sale, the family holds just 4% of voting stock and can't block a takeover.

A takeover of A-B, which has 48.5% of the $90 billion U.S. beer market, would extend a global consolidation trend as the industry faces slower growth and higher costs.

Read the St. Louis Business Journal article about it:
http://stlouis.bizjournals.com/stlouis/stories/2008/06/09/daily59.html?jst=b_ln_hl

Read about St. Louisians’ feelings on the topic:
http://preview.stltoday.com/stltoday/business/stories.nsf/story/42BFDA39A7319A7B86257466004FD539?OpenDocument

New IFRS Website Will Help CPAs Learn More About The Impending Standards

You can run, but you can’t hide. It’s nearly impossible to deny that the United States will be moving toward the International Financial Reporting Standards (IFRS) which will become the global standard for the preparation of public company financial statements.

AICPA has created a new website to help practitioners better understand these standards and prepare for their introduction here in the U.S.

http://www.ifrs.com/