Accounting firm leaders, standard-setters and industry accountants called for more certainty in the roadmap to International Financial Reporting Standards. With the comment deadline having now passed ...

From my vantage point on the other side of the Atlantic, I was delighted to see the Securities and Exchange Commission publish its roadmap to adoption of International Financial Reporting Standards. I ...

Learn what an onerous contract is, regulations for reporting them, and examples. Explore how IFRS and GAAP differ in handling these unfavorable contracts.

As the world’s economies become increasingly interconnected and investors diversify their holdings internationally, standard accounting procedures are becoming more necessary. While the United States ...

Accounting professionals are accustomed to complying with accounting standards. Generally accepted accounting standards set the guidelines for reporting financial transactions in the United States.

which utilizes financial accounting to report ownership of the company’s future economic benefits. International public companies also frequently report financial statements in accordance with ...

U.S. private companies have a new choice for accounting and financial reporting—a slimmed-down version of IFRS tailored more to their needs. IFRS for SMEs (small- and medium-size entities) is a ...

SEC chair Paul Atkins warns the agency may revisit its 2007 decision to exempt foreign registrant companies from reconciling ...

We look at how IFRS 9 changes impact the SPPI test for sustainability-linked bonds, and how risk, accounting, and data teams navigate new data and compliance demands.

The Accounting Review, Vol. 87, No. 6 (NOVEMBER 2012), pp. 2061-2094 (34 pages) This study examines the impact of International Financial Reporting Standards (IFRS) adoption on audit fees. We first ...

Derivative assessment considerations should be addressed under both U.S. GAAP and IFRS when accounting for corporate power purchase agreement ("Corporate PPA") contracts. Renewable energy power ...