# Professor Paul Zarowin on the International Financial Reporting Standards (IFRS)

1 Faculty News June 16, 2015 ![The Trusted Professional logo](/sites/default/files/styles/246w/public/assets/images/nysscpa.jpg?itok=6MWRt6Tl)>

Excerpt from [The Trusted Professional](http://www.nysscpa.org/news/publications/the-trusted-professional/article/special-report-how-the-consensus-shifted-away-from-ifrs-adoption#sthash.Lcz1Jymt.dpbs) -- "According to [Paul A. Zarowin](http://www.stern.nyu.edu/faculty/bio/paul-zarowin), an accounting professor at New York University’s Stern School of Business, there is a school of thought, which he himself subscribes to, that 'our financial reporting and disclosure system is as good as it gets,” and that switching to IFRS is a situation where “we have everything to lose and nothing to gain.'"

[Read more](http://www.nysscpa.org/news/publications/the-trusted-professional/article/special-report-how-the-consensus-shifted-away-from-ifrs-adoption#sthash.Lcz1Jymt.dpbs)