THE GLOBALIZATION OF ACCOUNTING STANDARDS: IFRS VERSUS US GAAP

@inproceedings{Fosbre2009THEGO,
  title={THE GLOBALIZATION OF ACCOUNTING STANDARDS: IFRS VERSUS US GAAP},
  author={Anne B. Fosbre and Ellen Kraft and Paul B. Fosbre},
  year={2009}
}
The movement of business toward a global economy has accelerated the need to move toward global accounting standards. Two recent decisions by the United States Securities and Exchange Commission, SEC, have had a major impact on the issue of converging US GAAP and international accounting standards. This paper examines the implications of the SEC decision to allow foreign companies to use IFRS in financial reporting without reconciliation to US GAAP on investors, multinational corporations, and… CONTINUE READING

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