US - IFRS similarities and differences – two comparisons

PricewaterhouseCoopers (PwC) has published the 2009 edition of IFRS and US GAAP: Similarities and Differences. The 220-page comparison helps companies develop a broad understanding of the major differences between International Financial Reporting Standards (IFRS) and US GAAP and an understanding of the level of change on the horizon. PwC has also published a comparison of IFRS for SMEs and full IFRS. It provides a description of the similarities and differences between the reporting methods; subsequent impact on companies; commentary and insight on recent and proposed guidance; an overview of the IFRS for SMEs; a report on the US GAAP codification project; and updates incorporating authoritative standards and interpretive guidance issued up to June 30, 2009. (Read the PwC publication IFRS for SMEs: Pocket Guide 2009.)