TITLE

Twenty Questions on International Financial Reporting Standards

AUTHOR(S)
Tribunella, Heidi
PUB. DATE
March 2009
SOURCE
CPA Journal;Mar2009, Vol. 79 Issue 3, p32
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The article offers information on the adoption of the International Financial Reporting Standards (IFRS) in the U.S. The Securities and Exchange Commission (SEC) has issued a proposal for public comment on August 27, 2008 that could compel mandatory adoption of IFRS effective 2014. It explains the difference between principles-based standards in IFRS and rules-based in U.S. Generally Accepted Accounting Principles (GAAP). Also stated are the distinctions in the financial statements between U.S. GAAP and IFRS.
ACCESSION #
36920015

 

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