GAAP vs. IFRS: Why we should celebrate convergence being unattainable

Competition to achieve the highest quality global accounting standard is what motivates each set of regulatory bodies, says international accounting expert Dr Ray Ball

October 27, 2015

All accounting bodies have dropped the notion of convergence because political pressures make it an improbability, says Chicago Booth professor and newly inducted member of the Institute of Chartered Accountants in England and Wales Dr Ray Ball.

Come back later for a full transcript of this video.