Professor Elam

Tuesday Feb 21, 2012

Tucked away on page C 3 today in the WSJ is the revelation that, yes, the US nears adopting IFRS, well sort of. 

In the subdued manner  of tepid, lukewarm, one toe in one toe out doublespeak that only a Federal Govt Accountant can best muster, SEC Chief Acct James Kroeker suggests that  he and staff are

'gravitating to ward a middle ground endorsement proposal under which IFRS would be incorporated into US rules AND US rule makes would retain the authority to evaluate future global rules for the US.'

And you thought the prejorative MUSH was just for the Iditarod Dog Race…..