Most if not all small businesses in many CPAs’ client list are domestically owned; many CPAs eschew publicly traded companies as a conscious practice decision so they don’t have to focus as intently on GAAP compliance in the first place.

The world is getting smaller, and U.S. small businesses are increasingly likely to interact directly with foreign vendors and customers; but does this likely interaction necessarily primarily drive adherence IFRS reporting?

I’m ignorant here, but I’m wondering if for some readers this effort is another wrinkle to familiar and unresolved Big GAAP/Little GAAP tensions.

(DISCLOSURE 1: Some years ago in an earlier job, I was an editor at a publishing house that brought out one of Mr. Metzler’s successful books. We also published his popular contributions to several paid-circulation newsletters. So I know how astute Mr. Metzler is in understanding how accounting firms tick, and I would respect any suggestions he makes. However, I didn’t see comments from him explicitly addressing how IFRS might affect needs of non-GAAP clients.)

(DISCLOSURE 2: In my current role I edit a free accounting newsletter for Intuit; they seem to understand global reach. In QuickBooks 2009, Intuit is introducing multi-currency capability, along with a new tool that lets CPAs slice and dice and reformat QuickBooks data within Excel for multiple compliance needs.)