Title

The Impact in the United States of Global Adoption of IFRS

Document Type

Article

Publication Date

8-2008

Publication Source

Australian Accounting Review

Abstract

This paper presents the pros and cons of the use of IFRS by US companies. The quest for one set of high-quality accounting standards recognised globally is clearly the ideal goal. However, before making a decision on the use of IFRS in the United States (US), the Securities Exchange Commission (SEC) should develop a blueprint to ensure that prerequisites for achieving a true global standard are satisfied and that convergence will continue. An ‘improve and then adopt’ approach appears to represent the best way forward for the US.

Inclusive pages

199-208

ISBN/ISSN

1035-6908

Comments

Copyright © 2008, CPA Australia.

Publisher

John Wiley & Sons

Volume

18

Issue

3

Peer Reviewed

yes