AICPA IFRS Resources

The growing acceptance of International Financial Reporting Standards (IFRS) as a basis for US financial reporting represents a fundamental change for the US accounting profession. To provide guidance, the American Institute of Certified Public Accountants (AICPA) has created a dedicated website called AICPA IFRS Resources. Guidance materials include International Financial Reporting Standards (IFRS) — Questions and Answers and International Financial Reporting Standards (IFRS) — an AICPA Backgrounder . The AICPA also monitors the latest IFRS news, updates and more (see IFRS News Clips).