Are IFRS better than US GAAP?

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Are IFRS better than US GAAP?

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3 Answers

anonymous · Answer 1 · 2013-01-23T03:06:57+0000

Well none is better than the other. US GAAP may be stricter in some areas but IFRS may be stricter in some areas such as provision for impairment.

anonymous · Answer 2 · 2013-01-23T03:10:05+0000

IFRS is more focusing on the user of the financial information. Use of IFRS will ensure quality & updated information for decision makers

anonymous · Answer 3 · 2013-01-25T07:14:35+0000

IFRS is some UK crap man! US GAAP is far ahead of IFRS. IFRS is not designed considering the the size of companies that US have. That is why SEC is rightfully resisting the adoption of this.

Are IFRS better than US GAAP?

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