FASB and the IASB wrapped up the first of three rounds of issuing proposed standards in their final push toward U.S. GAAP-IFRS convergence, even as they gave themselves an extra six months to complete ...

Nearly a decade after FASB and the International Accounting Standards Board (IASB) agreed to converge their standards in “The Norwalk Agreement,” the SEC staff floated a concept in May that would ...

Have There Been Benefits to the Convergence Process? Gven this background, the purpose of this discussion is twofold: to provide a review of the events surrounding the convergence movement over the ...

Approaching IFRS (the International Financial Reporting Standards) through a converged set of accounting standards, as announced by India, is a highly inconsistent but alternative line of thinking, ...

On February 24, 2010, the Security Exchange Commission (“Commission”) issued a statement reaffirming its support of establishing a “single set of high-quality global accounting standards.”1 The ...

Despite the aimed at blending International Financial Reporting Standards and U.S. GAAP, it's time for companies to start getting ready for a new financial reporting regime. At least, that's the ...

The ambitious road map to give the world a single accountancy standard - by converging U.S. generally accepted accounting principles with International Financial Reporting Standards by 2008 - may be ...

Discover the key differences in inventory accounting between GAAP and IFRS, including valuation methods, write-down reversals ...

CII has come up with a guide?Journey to IFRS? that has been aimed at making the industry aware of challenges to IFRS convergence. The publication, which provides an overview of IFRS, is a key ...

New Delhi: Industry Chamber CII said on 4 November the convergence of International Financial Reporting Standards (IFRS), the global accounting practice followed by 102 countries, would improve ...

The Securities and Exchange Commission has published its first progress report on the work plan related to the move to global accounting standards. Processing Content The SEC directed agency staff ...

Studying the IFRS (International Financial Reporting Standards) scene, Jamil Khatri, Head of Accounting Advisory Services, KPMG, considers that the most expected policy development in the coming year ...