Tom Selling (TS) at Accounting Onion, blasts SEC Chairwoman Mary Schapiro (MS) with respect to her support of IFRS convergence, 26 May 2010, link:
http://accountingonion.typepad.com/theaccountingonion/2010/05/mary-schapiro-mythbuster-or-myth-maker.html. I agree with TS and expect MS to do nothing which will improve the quality of financial reporting during her SEC tenure.
1 comment:
If the the Fed or Treasury or Congress told Ms. Shapiro to move accounting standards one way or another she'd acquiesce in a second...
As Mr. Selling makes clear she is in way over her head on this stuff.
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