IFRS adoption or convergence goes beyond just being another regulatory mandate

A lot has already been spoken about IFRS. For one reason being that, currently, there are 117 countries that have either adopted or committed to adopt IFRS. But, last month the US SEC announced that companies could start using IFRS no sooner than 2015 - a year after from the earlier timeline of 2014. However, according to a recent survey conducted by KPMG, 49% US executives said they would like...