TITLE

FASB and IASB Convergence: Implications for Investment Funds

AUTHOR(S)
OSWALD, BRENT
PUB. DATE
October 2008
SOURCE
Securities Industry News;10/6/2008, Vol. 20 Issue 35, p4
SOURCE TYPE
Trade Publication
DOC. TYPE
Editorial
ABSTRACT
The author comments on the implications of the commitment to converge U.S. generally accepted accounting principles (GAAP) and International Financial Reporting Standards (IFRS) for investment funds. He discusses the importance for investment companies to understand the differences and potential impact of financial statements prepared under IFRS and investment company GAAP. The comparative analysis of the characteristics of various aspects of GAAP versus the IFRS are discussed.
ACCESSION #
34695603

 

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