U.S. Certified Public Accountants are gaining awareness about International Financial Reporting Standards and CPAs increasingly foresee a need to gain advanced, or expert knowledge as the U.S. moves toward global accounting standards over the next three to five years, according to a recent survey conducted by the American Institute of Certified Public Accountants.
"We see clear evidence in our tracking survey that CPAs in the U.S. are not only increasingly aware of International Financial Reporting Standards but also significant numbers are beginning to recognize a need to gain advanced and expert knowledge," said Arleen Thomas, AICPA senior vice president for member competency and development.
The latest AICPA tracking survey shows a sustained shift toward greater awareness of International Financial Reporting Standards (IFRS) among U.S. accountants.
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