The AICPA is full steam ahead moving with the IFRS in the U.S. in 2014, without providing any strong justification to abandon the current U.S. GAAP. Did you ever guess who benefits the most if the U.S. companies were to transition to the IFRS – all the Big 4 firms. It is good that the SEC would reconsider its final decision to either move or not move to IFRS in 2011.