Friday, October 19, 2007

Comparing IFRS and US GAAP in 2007

A new PwC publication, Similarities and Differences: A Comparison of IFRS and US GAAP (October 2007), provides a broad understanding of the key similarities and differences between IFRS and US GAAP. This updated edition takes into account all pronouncements issued under IFRS and US GAAP up to August 2007. The document is intended to help users (1) compare and contrast basic rules and standards from each financial reporting structure and (2) moderate the convergence of US GAAP and IFRS.