Page 28 - Accounting Principles (A Business Perspective)

Accounting principles:A business perspective

public comment a proposed roadmap with a timeline and key milestones for adopting IFRS
beginning in 2014”. Clearly, many new issues can emerge between now and 2014, but the direction
seems to be clear. The AICPA has a link on its website to a page with current information on the
planned migration to IFRS. You might like to check it out from time to time at
http://www.ifrs.com/Backgrounder_Get_Ready.html. There is also a wealth of information on the

IFRS website at http://ifrs.org.
Students from countries other than the US should check the website of the professional accounting
organization in your country for an update on the current status. For example, if you go to the
website of the Institute of Chartered Accountants of India at http://icai.org and search on IFRS you
will find a number of links to documents covering the planned migration to IFRS in India.

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