Tuesday, June 22, 2010

US - AICPA's IFRS backgrounder updated through SEC work plan

Get an introduction to the movement behind the adoption of International Financial Reporting Standards (IFRS) for public companies throughout the world. The AICPA's just-updated IFRS Backgrounder discusses the regulators, standard setters and others who play a critical role. It also provides the timeline for convergence and adoption activities, including the Securities and Exchange Commission (SEC) announcement of its work plan. Some of the more important differences between US GAAP and IFRS are highlighted as well.