You can save this article by registering for free here. Or sign-in if you have an account. By Jan. 1, 2011, small and medium Canadian companies will have to decide what standard to use in reporting ...

International Financial Reporting Standards (IFRS) are destined to be the lingua franca of the international accounting world. Approximately 100 countries already require, allow or are in the process ...

The International Accounting Standards board (IASB or board) has recently released the third edition of its IFRS for SMEs ...

The AICPA on Thursday submitted comments on the SEC’s proposed road map for the use of IFRS by U.S. public companies. The Institute recommended additional changes to financial reporting regulations, a ...

GAAP reports in detailed, precise formats; IFRS allows flexible, principle-based reporting. GAAP does not permit asset value recovery post-impairment; IFRS allows revaluation. IFRS does not mandate ...

The Investment Industry Regulatory Organization of Canada intends to require all of its firms to adopt International Financial Reporting Standards. An IIROC notice issued Monday sets out the results ...

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, ...

For a true global multinational such as International Business Machines, the country-by-country switch from national accounting standards to the International Financial Reporting Standards poses ...