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An Executive's Guide for Moving from US GAAP to IFRS
book

An Executive's Guide for Moving from US GAAP to IFRS

by Peter Walton
August 2009
Intermediate to advanced
135 pages
3h 21m
English
Business Expert Press
Content preview from An Executive's Guide for Moving from US GAAP to IFRS

Chapter 1

The Worldwide Move to IFRS

Anyone who had not been keeping an eye open for international developments in financial reporting over the last 5 years would have been astonished to listen to Christopher Cox on August 27, 2008. On that day, the Securities and Exchange Commission (SEC) chairman announced that the regulator was to set out a roadmap that could result in U.S. companies using International Generally Accepted Accounting Principles (GAAP) from 2014 onward.

If you did not know that Canada had decided in 2006 to switch to International GAAP in 2011, and Japan, Brazil, China, South Korea, and India were doing the same, you could well ask, how could that happen? The answer, in headline terms, is that it is a combination of two strands. ...

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Publisher Resources

ISBN: 9781606490242