IFRS is coming and consultancies—particularly the Big 4—are gearing up for what they hope will be a financial windfall
by Joseph Kornik
Dave Kaplan at PricewaterhouseCoopers says the global crisis that we find ourselves in right now demonstrates the interconnectivity of capital markets around the world, and the need for better coordination amongst those capital markets. "Having a common set of accounting standards is an important aspect of ensuring that the information that flows to investors is consistent and useful in terms of making efficient asset capital decisions," says Kaplan, PwC's Leader of U.S. International Accounting and SEC Services. "It's essential for the world's financial success in the long run."
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