Friday, June 25, 2010

Mary Schapiro's Mythology

Tom Selling (TS) at Accounting Onion, blasts SEC Chairwoman Mary Schapiro (MS) with respect to her support of IFRS convergence, 26 May 2010, link: I agree with TS and expect MS to do nothing which will improve the quality of financial reporting during her SEC tenure.

1 comment:

Anonymous said...

If the the Fed or Treasury or Congress told Ms. Shapiro to move accounting standards one way or another she'd acquiesce in a second...

As Mr. Selling makes clear she is in way over her head on this stuff.