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
Publisher
John Wiley & Sons
Volume
18
Issue
3
Peer Reviewed
yes
eCommons Citation
Street, Donna L., "The Impact in the United States of Global Adoption of IFRS" (2008). Accounting Faculty Publications. 36.
https://ecommons.udayton.edu/acc_fac_pub/36
Comments
Copyright © 2008, CPA Australia.