As accounting policy makers, including the Financial Accounting Standards Board and the Securities and Exchange Commission, continue to discuss a game-changing shift in the world of financial reporting, NYU Stern experts are available to comment on a variety of issues surrounding the possible convergence of U.S. Generally Accepted Accounting Principles (GAAP) with International Financial Reporting Standards (IFRS). Topics of concern include:
* How will statement readers reconcile the differences between firms who opt to use GAAP vs. those who use IFRS during this period of transition?
* How should educators incorporate IFRS into the accounting curriculum?
* Based on the variety of "types" of IFRS - e.g., European IFRS vs. country-specific versions of IFRS - which is the best option for the United States?
* Do existing differences between IFRS and GAAP adversely impact global markets?
* Are US companies prepared for IFRS compliance?
See full Article.
Posts
