Thursday, September 25, 2008

Deloitte's 2008 comparison of IFRS and US GAAP

Deloitte's IFRS Global Office has published a new IFRSs and US GAAP – A Pocket Comparison as of June 30, 2008. Since the previous edition (March 2007), the IASB has issued substantially revised versions of IFRS 3 Business Combinations, IAS 1 Presentation of Financial Statements, and IAS 27 Consolidated and Separate Financial Statements. In addition, IFRS 8 Operating Segments (which replaces IAS 14 Segment Reporting) was issued in November 2006. These new and revised standards will be effective in 2009. Links to IFRS publications are available on Deloitte's Publications Page.