Similarities and differences: A comparison of IFRS, US GAAP and Belgian GAAP

This publication by PricewaterhouseCoopers is for those who wish to gain a broad understanding of the key similarities and differences between IFRS, US GAAP, and Belgian GAAP. The first section provides details of convergence initiatives between IFRS and US GAAP on the one hand, and between IFRS and Belgian GAAP on the other hand. The next section provides a summary of the similarities and differences between IFRS, US GAAP and Belgian GAAP and then refers to individual sections where key divergences are highlighted and the likely impact of recent proposals explained.