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Your source for IFRS guidance
IFRS Accounting
Trends & Techniques
Introducing a new AICPA publication on reporting under IFRS with illustrative excerpts from the audited annual reports of 100 companies that have made the conversion.
First Quarter 2010 IFRS Webcast
March 31, 2010 | 2:00 – 4:00 PM ETEvery calendar quarter, the IFRS Webcast Series offers practical and down-to-earth sessions that will keep you "plugged-in" to what's important about the IFRS standards – including the differences, similarities between IFRS and US GAAP, and updates on the current convergence efforts. Register now.
IFRS Digest:
What U.S. Practitioners and
Entities Need to Know Now
In this AICPA publication, prominent experts on IFRS have selected top articles and whitepapers, added commentary, and guide you through five major IFRS considerations.
IFRS SEMINARS
IASeminars, a leading provider of IFRS training courses, to offer a comprehensive range of IFRS training solutions worldwide.
Countdown to Convergence
March, 2010 - This article provides a synopsis priority convergence projects in the FASB and IASB Memorandum of Understanding. Because the projects are active and subject to change, updates will be posted periodically to the online version of this article at journalofaccountancy.com. (Journal of Accountancy)
Video: SEC's Schapiro Speaks on IFRS
March 2, 2010 - Hear SEC Chairman Mary Schapiro's February 24 remarks on the SEC’s IFRS proposal. (Journal of Accountancy)
No IFRS Requirement Until 2015 or Later Under New SEC Timeline
February 24, 2010 - The SEC unanimously approved on Wednesday a new timeline that envisions 2015 as the earliest possible date for the required use of IFRS by U.S. public companies. The SEC action calls for more study of IFRS and a 2011 vote on whether to move ahead with an IFRS mandate. (Journal of Accountancy)
SEC Approves Statement on Global Accounting Standards
February 24, 2010 - The Securities and Exchange Commission today voted to issue a statement that lays out its position regarding global accounting standards and makes clear that the Commission continues to believe that a single set of high-quality globally accepted accounting standards would benefit U.S investors. (SEC.gov)
AICPA Issues Statement on SEC Commitment to Move U.S. toward International Financial Reporting Standards with new "Work Plan"
February 24, 2010 - The American Institute of Certified Public Accountants President and CEO Barry Melancon issued a statement on the Securities and Exchange Commission’s endorsement today of a plan to work toward incorporation of International Financial Reporting Standards (IFRS) in the U.S. financial reporting system.
Volunteers Needed to Develop Questions on IFRS for Uniform CPA Examination
January 27, 2010 – The AICPA Examinations Team is seeking professionals with solid skills and knowledge in International Financial Reporting Standards to develop questions ("items") on IFRS for the Uniform CPA Examination. Learn more.
IFRS Subject Matter Experts Needed
The AICPA Learning team is developing an IFRS Certificate of Accomplishment program for Certified Public Accountants and Chartered Accountants. The AICPA is seeking subject matter experts with extensive IFRS knowledge and with experience in IFRS application and/or training to work on program components. Learn more.
IASB Funding
The International Accounting Standards Committee Foundation (IASC Foundation) is expected to complete part two of its constitution review in the second quarter of 2010. Proposals for enhanced accountability issued last year did not include specific proposals on how the organization plans to achieve a stable, secure funding mechanism that will promote independence of the standard setting process.
Share your thoughts on the importance of the IASB's funding source. Do you believe it should be a component of the IASC Foundation’s constitution review?
International Financial Reporting Standards (IFRS) - A Backgrounder
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The American Institute of Certified Public Accountants (AICPA) has recently issued a background document on International Financial Reporting Standards (IFRS). Read a brief overview by clicking on the links below – • Get Ready for IFRS |
IFRS Primer for Audit Committees
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The globalization of business and finance has led more than 12,000 companies in over a hundred countries to adopt IFRS.
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- Video Clip: Cash Flow Statement
- Excerpt from the AICPA's Fourth Quarter IFRS Webcast. Panelists discuss FASB/IASB proposed changes to the statement of cash flows outlined in the Boards' joint discussion paper on financial statement presentation.
IFRS for SMEs — U.S. GAAP Comparison Wiki
The AICPA is developing a resource that compares the International Financial Reporting Standard for Small and Medium-Sized Entities (IFRS for SMEs) with corresponding requirements of U.S. generally accepted accounting principles (U.S. GAAP). This resource is available in a Wiki format and you are invited to contribute to its development. To learn more about the resource, view available sections and contribute to its content, click here: Learn more.
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IFRS.com – Your source for IFRS guidance – has started a page on Twitter. Get the latest IFRS news, updates and IFRS resources at www.twitter.com/IFRScom.
(Use hashtag #IFRS)
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Who Issues IFRS?
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International Financial Reporting Standards (IFRS) is a set of accounting standards, developed by the International Accounting Standards Board (IASB), that is becoming the global standard for the preparation of public company financial statements.The IASB is an independent accounting standards body, based in London, that is unaffiliated with the AICPA, CPA2Biz or this website.
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