June 29, 2011
Philip Weiner, Assurance Services Partner, Quoted in The Trusted Professional article "IFRS Convergence Deadline Delayed Again"
By Gabe Kahn
In the article, Mr. Weiner says “The most important thing is to try to get it right, so the fact that it’s being delayed is not surprising.”
Additionally, Mr. Weiner says “I don’t look at the delay as a negative; I just think they’re trying to take their time and do it in the best way possible.”
“U.S. GAAP is not something that we’re going to very easily abandon, and we can’t just radically change things without considering the effects on the U.S. accounting,”