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July 16, 2012



This stall in IFRS convergence does not come as much of a surprise considering the hostile political climate and various other challenges thoughtfully mentioned above.

Alas, as a current CPA exam candidate, I must continue my efforts in preparation for a day that will (likely) never come.

Jack Gallagher

Mr. Peterson,

I find myself in rare company with you. Thank you for providing your "emperor has no clothes" analysis on this topic. I pray you are correct in your conclusion. For my own part, much time has been wasted because Christopher Cox was ill-suited to be SEC chairman. It was his initial leadership (or lack thereof) that put us on this road "to the knacker's yard" as you say.

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  • © 2007-2019 James R Peterson Special thanks: Francine McKenna. Always with love: Kat and Julie. In memory: Bob White, Stuart Kadison