U.S. companies believe they will spend more than European ones did to adopt the global rules, according to an Accenture survey.
Sarah Johnson - CFO.com | US
March 30, 2009
U.S. executives expect to pay more than their European counterparts did to convert to International Financial Reporting Standards. Depending on company size, they estimate they'll spend between 0.1% and 0.7% of annual revenue to move from U.S. GAAP to the global rules, an endeavor publicly traded companies in Europe undertook four years ago at an average cost of 0.05% of revenue.
http://www.cfo.com/article.cfm/13399306
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