Global Journal of Management and Business Research: A Administration and Management Volume 14 Issue 2 Version 1.0 Year 2014 Type: Double Blind Peer Reviewed International Research Journal Publisher: Global Journals Inc. (USA) Online ISSN: 2249-4588 & Print ISSN: 0975-5853 A Review of U.S. IFRS Conversion Leading to Organizational Change Readiness Mishaps By Orlando Rivero, D. B. A. & Edel Lemus, M. I. B. A. Carlos Albizu University, USA Abstract- The purpose of the article is to review the International Financial Reporting Standards (IFRS) convergence and its effect toward organizational change initiatives. It is expected that IFRS will replace U.S. GAAP in the near future. Most importantly, in 2010, the Securities and Exchange endorsed the convergence of IFRS and also urged firms to switch from the existing U.S. GAAP guidelines to the IFRS. Additionally, the Big 4 CPA firms have also endorsed the implementation of IFRS. Most interesting, the American Institute of Certified Public Accountants (AICPA) has suggested that IFRS would be included in all Certified Public Accounting (CPA) exams starting in January 2011. From an educational perspective, this article will review U.S. universities/colleges accounting curriculums for student academic preparedness. At the end, recommendations will be offered to streamline IFRS throughout organizational and educational spectrums. Keywords: leadership organizational development, learning organizations, organizational learning, organizational development interventions, organizational change, SEC, FASB, IASB IFRS, ASAF, and business schools. GJMBR-A Classification: JEL Code: D73 AReviewofU.S.IFRSConversionLeadingtoOrganizationalChangeReadinessMishaps © 2014. Orlando Rivero, D. B. A. & Edel Lemus, M. I. B. A. This is a research/review paper, distributed under the terms of the Creative Commons Attribution-Noncommercial 3.0 Unported License http://creativecommons.org/licenses/by-nc/3.0/), permitting all non-commercial use, distribution, and reproduction in any medium, provided the original work is properly cited. Strictly as per the compliance and regulations of: