10Minutes on the emerging influence of IFRS

April 2009
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Emerging influence of IFRS

At a glance

How the impact of International Financial Reporting Standards will broaden considerably over the next few years as the convergence of US GAAP and IFRS brings key changes to US financial reporting.

The convergence of US GAAP and International Financial Reporting Standards (IFRS) is already changing how some U.S. firms approach revenue recognition, leases, consolidations and pensions. The April 2009 10Minutes explains how:

  • Convergence affects U.S. financial reporting in the next few years
  • IFRS alters U.S. business deals for independent of convergence
  • Understanding IFRS implications is imperative for US firms

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