Monday, October 30, 2006

A comparison of IFRS and US GAAP

There are many differences in detail which exist between IFRS and US GAAP, making it difficult to consult all the relevant standards currently in force when dealing with a specific accounting issue. To help, PricewaterhouseCoopers prepared Similarities & Differences - A comparison of IFRS and US GAAP. This publication enables a broad understanding of the key similarities and differences between IFRS and US GAAP most commonly found in practice. It takes into account all pronouncements issued under IFRS and US GAAP up to August 2006.