The American Institute of Certified Public Accountants (AICPA) has introduced a new course of study leading to a ‘Certificate of Educational Achievement in International Financial Reporting Standards’.

The AICPA supports the goal of one set of high-quality, globally accepted accounting standards and promotes a smooth transition from U.S. Generally Accepted Accounting Principles to IFRS for public companies. The U.S. Securities and Exchange Commission (SEC) is yet to make a decision on the adoption of IFRS.