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When is US adopting IFRS? What changes are required?
in General IFRS Discussion by
recategorized by

4 Answers

0 votes
Still there is no decision by US SEC (As of December 2012) on the adoption on IFRS. Changes from US GAAP vary.
You may check this link for details
http://www.pwc.com/us/en/issues/ifrs-reporting/publications/ifrs-and-us-gaap-similarities-and-differences-september-2009.jhtml
by Level 2 Member (3.9k points)
0 votes
US still has not adopted IFRS but likely to do so in the near future
by Level 2 Member (4.3k points)
0 votes
Read some recent news on this:

https://blogs.oracle.com/FinancialsMkting/entry/idea_of_u_s_companies

http://in.reuters.com/article/2012/07/16/us-accounting-idINBRE86F0MI20120716

http://www.accountancyage.com/aa/news/2198009/us-won-t-adopt-ifrs-for-at-least-five-years-says-aicpa-chief
by Level 1 Member (1.5k points)
0 votes
Looks like US is not so interested in UK based standard setters.
by Level 5 Member (11.6k points)


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