TITLE

International Financial Reporting Standards: The Road Ahead

AUTHOR(S)
Langmead, Joseph M.; Soroosh, Jalal
PUB. DATE
March 2009
SOURCE
CPA Journal;Mar2009, Vol. 79 Issue 3, p16
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The article presents information on the International Financial Reporting Standards (IFRS) that would be used by public companies in the U.S. as their new accounting and reporting model. A proposed rule for U.S.-based firms to start preparing their financial statements using such a model was published by the Securities and Exchange Commission (SEC) in December 2007. A brief background on IFRS is provided. It notes that IFRS was adopted by the European Union (EU) for its over 7,000 listed companies, effective in 2005.
ACCESSION #
36920013

 

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