Document Type
Article
Department or Administrative Unit
Accounting
Publication Date
2012
Abstract
In 2002, the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) formally began a process to converge Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS). By the end of 2011, the SEC will likely decide on whether to adopt International Financial Reporting Standards as the financial reporting system for U.S. public companies, continue with the convergence project, or reject IFRS altogether. This paper examines the benefits and drawbacks of each option and formulates a recommendation as to which option is in the best interest of U.S. investors.
Recommended Citation
Ehoff Jr., C., & Fischer, D. (2011). Should The SEC Adopt International Financial Reporting Standards? Review of Business Information Systems (RBIS), 16(1), 15–20. https://doi.org/10.19030/rbis.v16i1.6760
Journal
Review of Business Information Systems
Creative Commons License
This work is licensed under a Creative Commons Attribution 3.0 License.
Comments
This article was originally published in Review of Business Information Systems. The full-text article from the publisher can be found here.