IFRS looming: U.S. accounting in transition

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International Financial Reporting Standards (IFRS) are looming quickly for U.S. companies. A good sign of how quickly is SEC Chairman Cox’s speech at IOSCO, in Paris on May 28, 2008 where he referred to IFRS as the world’s accounting “lingua franca”. Another telling signal is that accounting firms and academics are getting together to talk […]

EU treaty ship wrecks: Ireland rocks

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Lucky or smart, Ireland has rejected the EU bureaucracy’s latest attempt — called the Treaty of Lisbon — at extending is power. A strangely bitter-sounding International Herald Tribune reports: Europe was thrown into political chaos Friday by Ireland’s rejection of the Lisbon Treaty, a painstakingly negotiated blueprint for consolidating the European Union’s power and streamlining […]

EU’s Treaty of Lisbon foundering on Irish coast?

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Like a lumbering Spanish galleon, the European Union’s most recent attempt at increasing its influence at home and abroad — the leviathan Treaty of Lisbon — has run into heavy seas off the coast of Ireland. The International Herald Tribune reports: DUBLIN: The final straw, Dermot Gilmartin said, was seeing an official struggling on television […]