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 ...

Currently, only 40 of the 1,200 foreign private issuers that file with the SEC use IFRS to prepare financial statements for American investors. In an SEC statement released in late April, Nicolaisen ...

It’s become clear throughout the past five years that GAAP and financial reporting in the United States are on a clear path toward change in the form of a convergence with the International Financial ...

We are rapidly heading towards a world where there are two main financial reporting systems ? US GAAP accounting, used by the largest part of the global capital market, and International Financial ...

The Committee of European Securities Regulators (CESR) has published a report, requested by the EU Commission, on the work programmes of the Canadian, Japanese and US standard setters, the definition ...

After 15 long months, the US Securities and Exchange Commission (SEC) in February finally tackled the issue of US accounting standard convergence and conversion. In a move with potentially ...

In February, the Securities and Exchange Commission issued a Commission Statement in which it made it clear that it believed that a single set of high-quality globally accepted accounting standards ...

PricewaterhouseCoopers has released the 2009 edition of its free downloadable guide comparing International Financial Reporting Standards with U.S. GAAP. IFRS and US GAAP: Similarities and Differences ...

NEW YORK--(BUSINESS WIRE)--US investors expect that the country will eventually adopt International Financial Reporting Standards (IFRS), but that the process will take time and need substantial ...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Surprisingly, the Financial Times and a draft report from the UK arm of PwC recently called for efforts aimed ...

We’ll send you a myFT Daily Digest email rounding up the latest US & Canadian companies news every morning. Only a handful of US companies would adopt international financial reporting standards if ...

Editor’s note: The heads of FASB and the International Accounting Standards Board (IASB) announced they will take “a few additional months” beyond their June target date to complete priority joint ...