More single accounting standard talk--good opportunities for CPAs; audit committee members (10.2.07)
Talk about going to a single accounting standard, or something in between, gains speed. See links below to CFO.com (regarding possible SEC grab for accounting power) and webcpa.com (regarding comments from Chairman Herz of the FASB about need for a single accounting standard). Look for opportunities for CPAs who are willing to keep up with the changes, and also for audit committee members who take continuing education to stay on top of their game.
http://www.cfo.com/article.cfm/9892240/c_9895563?f=home_todayinfinance
http://www.webcpa.com/article.cfm?articleid=25534