Accounting Firms
- International Financial Reporting Standards (IFRS) — an AICPA Backgrounder
- The growing acceptance of International Financial Reporting Standards (IFRS) as a basis for U.S. financial reporting represents a fundamental change for the U.S. accounting profession.
- International Financial Reporting Standards (IFRS) — Questions and Answers
- Questions and answers developed by American Institute of Certified Public Accountants.
- January, 2009
- Death of LIFO?
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International Financial Reporting Standards do not permit the use of the last-in, first-out (LIFO) method of accounting for inventories. The proposed shift of U.S. public companies to IFRS could affect many companies currently using LIFO. The Journal of Accountancy explores the accounting and tax ramifications of a change from LIFO.
- August, 2008
- Small Firm Perspective: How Do You Talk About IFRS to Your Clients?
- It makes sense to talk to your clients about International Financial Reporting Standards (IFRS) because even the smallest companies are increasingly doing business in the global marketplace.
- August, 2008
- Small Firm Perspective: Meeting Clients' Needs in the IFRS Environment
- Now is the time for small firm practitioners to position themselves and their firms as the leading IFRS experts in their local markets.
- June, 2008
- How Will IFRS Affect Tax Practitioners?
- Many companies are in the early stages of considering what impact the transition to International Financial Reporting Standards (IFRS) from U.S. GAAP will have on financial reporting.
- May 19, 2008
- Independent Auditor’s Report on Financial Statements issued in conformity with International Financial Reporting Standards
- In May 2008, the AICPA’s Governing Council is expected to designate the International Accounting Standards Board (IASB) as the body authorized to establish international financial accounting and reporting principles under rule 202 and 203 of the AICPA Code of Professional Conduct.
- May, 2008
- A Global Standard for Professional Ethics
- Cross-border business concerns.
- May 1, 2008
- IASB Discussion Paper on Post-Employment Benefits
- The International Accounting Standards Board (IASB) has published for public comment a discussion paper on IAS 19, Employee Benefits.
- April 14, 2008
- International Federation Of Accountants
- IFAC is the global organization for the accountancy profession. It works with its 163 member organizations in 120 countries to protect the public interest by encouraging high quality practices by the world's accountants. IFAC members represent 2.5 million accountants employed in public practice, industry and commerce, government and academia.
- October 18, 2007
- New-Age Skills for Accounting Professionals
- Business today is more connected and more integrated internationally, with interactions and transactions spanning continents. According to the Robert Half International Financial Leadership Council, the relentless progress of globalization means that U.S.-based accounting professionals can no longer rely solely on the rules and standards they learned in the past.
- August 31, 2007
- Ernst & Young International GAAP® Illustrative Financial Statements
- July 2007
- Simplifying Global Accounting
- IASB chair discusses the future of IFRS, U.S. GAAP and the global accounting profession.
Note: Content is currently being developed by the AICPA to address the impact of IFRS for small CPA firms.
