Department or Administrative Unit
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.
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
Review of Business Information Systems
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