You Say IFRS, I Say FASBLets Call The Whole Thing Off

This paper discusses the noticeable nervousness of many US-based financial statement issuers in adopting IFRS. For contextual purposes, the paper provides an overview of the FASB/IFRS convergence so far and its probable future. A detailed review of convergence in accounting standards is explained th...

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Bibliographic Details
Published inAmerican journal of business education Vol. 6; no. 5; pp. 505 - 512
Main Authors Tickell, Geoffrey, Rahman, Monsurur, Alexandre, Romain
Format Journal Article
LanguageEnglish
Published Littleton The Clute Institute 01.09.2013
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Summary:This paper discusses the noticeable nervousness of many US-based financial statement issuers in adopting IFRS. For contextual purposes, the paper provides an overview of the FASB/IFRS convergence so far and its probable future. A detailed review of convergence in accounting standards is explained through the respective standards for Pensions and Other Post-Employment Benefits. The paper concludes by suggesting that, while one set of global steps is a noble goal, it might not achieve the desired goal of comparability.
ISSN:1942-2504
1942-2512
DOI:10.19030/ajbe.v6i5.8040