International Financial Reporting Standards - Why U.S. companies need to get in the game!

Marie Kling
PricewaterhouseCoopers
17-February-2005

Why you need to get on board

International Financial Reporting Standards (IFRS) are gaining momentum. Seven thousand companies in Europe converted to IFRS as of January 1, 2005. Australian companies also converted to IFRS as of January 1, 2005, in conjunction with the member states of the European Union. Other countries, such as Russia, are also making significant strides towards using IFRS more widely. And very recently, the Accounting Standards Board of Japan agreed to launch a joint project to reduce the differences between Japanese accounting standards and IFRS.

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