NEW YORK–A myriad number of questions surround how insurers and other businesses will go about implementing the upcoming shift to international accounting standards, according to a briefing delivered here.
And some action may be required as early as 2010 in what could be a costly process for companies, according to a presentation here by Lisa Filomia-Atkas, an Ernst & Young partner for financial services in New York.
In her talk she offered ways that companies should begin to prepare for international accounting changes that are expected to become requirements later this summer when the U.S. Securities and Exchange Commission announces guidelines and deadlines.
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