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NYU Stern Experts Available for Comment on Accounting Standards Debate

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NEW YORK--(BUSINESS WIRE)--As accounting policy makers, including the Financial Accounting Standards Board and the Securities and Exchange Commission, continue to discuss a game-changing shift in the world of financial reporting, NYU Stern experts are available to comment on a variety of issues surrounding the possible convergence of U.S. Generally Accepted Accounting Principles (GAAP) with International Financial Reporting Standards (IFRS).

Topics of concern include:
  • How will statement readers reconcile the differences between firms who opt to use GAAP vs. those who use IFRS during this period of transition?

  • How should educators incorporate IFRS into the accounting curriculum?

  • Based on the variety of “types” of IFRS – e.g., European IFRS vs. country-specific versions of IFRS – which is the best option for the United States?

  • Do existing differences between IFRS and GAAP adversely impact global markets?

  • Are US companies prepared for IFRS compliance?

The following Stern professors are available to provide perspectives and commentary on these issues:

  • Frederick Choi, international financial reporting expert and chair of NYU Stern’s Accounting Department

  • Eli Bartov, international and financial accounting expert

  • Seymour Jones, forensic and international accounting expert

  • Baruch Lev, financial accounting and corporate governance expert

  • Stephen Ryan, valuation, risk assessment and financial reporting expert

  • Paul Zarowin, expert on the relationship between financial accounting data and stock prices

June 7, 2010: http://www.businesswire.com/portal/site/home/permalink/?ndmViewId=news_view&newsId=20100607006329&newsLang=e