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View Backgrounder [PDF - 375k]

International Financial Reporting Standards (IFRS) — An AICPA Backgrounder The American Institute of Certified Public Accountants (AICPA) has recently issued a background document on International Financial Reporting Standards (IFRS). 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. Today  approximately 113 countries require or allow the use of IFRS for the preparation of financial statements by publicly held companies. In the United States, the Securities and Exchange Commission(SEC) has issued a proposed roadmap for the possible mandatory use of IFRS for U.S. public companies. View International Financial Reporting Standards (IFRS) — An AICPA Backgrounder [PDF - 375k] Read More: Get Ready for IFRS Worldwide Momentum SEC Leadership in International Effort AICPA Participation Two Sides of The Story GAAP and IFRS, Still Differences What CPAs Need To Know

 

 

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