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| Author: | Erchinger, H. Melcher, W. |
| Title: | Convergence between US GAAP and IFRS: Acceptance of IFRS by the US Securities and Exchange Commission (SEC) |
| Journal: | Accounting in Europe
2007 : VOL. 4:1-2, p. 123-139 |
| Index terms: | accounting standards financial reporting financial statements |
| Language: | eng |
| Abstract: | This paper analyzes the forces driving convergence btw. US Generally Accepted Accounting Principles (US GAAP) and International Financial Reporting Standards (IFRS), discussing the most recent activities by the US Securities and Exchange Commission (SEC) in relation to IFRS and international cooperation, incl. the SEC vote (as of Nov. 2007) to allow foreign private issuers to prepare their financial statements using IFRS as issued by the IASB without reconciling to US GAAP. |
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