An update for US CFOs
International Financial Reporting Standards (IFRS) has become the common financial reporting language for much of the world, with over 70 countries mandating its use by public companies, and countries like China and Canada announcing their intent to adopt the standard. As IFRS and US GAAP converge and evolve, US CFOs are realizing that this new language has significant business, as well as financial reporting, implications.
This
Deal Flash! highlights the impact IFRS can have on transactions, financial reporting and operations, with important information for CFOs involved in cross-border deals or for those who have to report under IFRS.
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