The increasing acceptance of IFRS, both in the United States and around the world, means that now is the time to become knowledgeable about these changes.
What is IFRS?
International Financial Reporting Standards (IFRS) is a set of accounting standards, developed by the International Accounting Standards Board (IASB), that is becoming the global standard for the preparation of public company financial statements.
Who Issues IFRS?
International Financial Reporting Standards (IFRS) is a set of accounting standards, developed by the International Accounting Standards Board (IASB), that is becoming the global standard for the preparation of public company financial statements.The IASB is an independent accounting standards body, based in London, that is unaffiliated with the AICPA, CPA2Biz or this website.
Recent Announcements
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Declarations of the G20 Summit on Financial Markets and the World Economy
November 14, 2008 - Leaders agree on common principles to guide financial market reform. Included in their declarations are goals that will strengthen transparency and accountability. Global accounting standards bodies should ...
Posted Dec 5, 2008 10:15 AM by Sun Yoo
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SEC Publishes IFRS Roadmap
November 14, 2008 – The Securities and Exchange Commission released its proposed roadmap for the potential use of financial statements prepared in accordance with International Financial Reporting Standards by U.S ...
Posted Dec 5, 2008 10:15 AM by Sun Yoo
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IASB Chairman Welcomes Moves towards IFRS
November 17, 2008 – Sir David Tweedie, chairman of the International Financial Accounting Standards Board, welcomed actions by authorities in Mexico, Canada and United States regarding adoption of International Financial Standards
Posted Dec 5, 2008 10:14 AM by Sun Yoo
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SEC Chairman speaks to future of international standards
November 18, 2008 - In a speech at a conference conducted by Financial Executives International, SEC Chairman Christopher Cox says that "two thirds of American investors own securities of foreign companies ...
Posted Dec 5, 2008 10:13 AM by Sun Yoo
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