As the largest public companies in America begin their transition from Generally Accepted Accounting Principles (GAAP) to International Financial Reporting Standards (IFRS), they’re going to need accountants to show them the way.
Just over 100 of the largest public companies will be eligible to file IFRS statements with the Securities and Exchange Commission starting in December 2009. “They’re the largest employers in the country, so it makes sense to get up to speed on this,” says Mark Viego, vice president for Robert Half Management Resources’ Western US division in Las Vegas.
The SEC will decide by 2011 whether to make IFRS mandatory in 2014, with implementation from 2014 to 2016. If you’re not working at a large public firm, why worry about IFRS? “There’s going to be a tremendous demand for folks with this experience once the SEC finalizes the IFRS road map,” Viego predicts.
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