Tom Selling on IFRS

Tom Selling (TS) attacks the SEC's recent proposal to ram IFRS down the investing public's throat at his Accounting Onion, 16 September 2008. TS has this issue well covered. Here's a link: http://accountingonion.typepad.com/theaccountingonion/2008/09/top-ten-reasons.html?cid=131143448. Enjoy. See what the SEC and Accounting Establishment wants to do "for", or perhaps "to" you. TS notes the CPA's "reduced exposure to litigation" from adopting IFRS. I made this point in my 19 September 2008 post.