By-Lined Article
So Long, U.S. GAAP
By Charles E. Harrell, Shelton M. Vaughan, Joel N. Ephross and T. John Lin
July 28, 2008
Financial Week
Four Duane Morris lawyers wrote this article on potential concerns of U.S. companies in response to the expected implementation of International Financial Reporting Standards (IFRS) in the United States within the next several years. Partners Charles Harrell and Shelton Vaughan, special counsel Joel Ephross and associate T. John Lin, describe issues facing smaller U.S. companies, tax concerns and securitization transactions, as well as the likely time frame for the standards to come into effect.
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