In his new book, Too Big to Save?, Robert Pozen proposes fixes for the biggest financial crisis of our lifetimes.

by Marie Leone Robert Pozen, institutional investor and chairman of MFS, asserts in his new book, Too Big to Save? How to Fix the U.S. Financial System, that only the 100 to 300 largest U.S. companies should be required to switch to IFRS. Pozen writes that the SEC should not adopt the international standards as the nation’s official accounting rules until several significant issues are resolved, including working out discrepancies between IFRS and U.S. GAAP with regard to the accounting treatment ..read more

by Tim Reason. Only the biggest U.S. companies should bother adopting the international financial reporting standards written by International Accounting Standards Board, the former chair of the SEC’s advisory committee on financial reporting says. By Tim Reason, CFO.com | US October 29, 2009