Similarities and differences: A comparison of US GAAP and IFRS for investment companies.

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The conversion from US GAAP to IFRS brings a long list of technical accounting changes. This publication is designed to provide a broad understanding of the major differences between US GAAP and IFRS as it pertains to investment companies. While this publication does not attempt to address every difference, it focuses on a number of differences PwC considers most significant and/or most common. It represents the firm's ongoing commitment to help investment companies navigate the switch from US GAAP to IFRS.

Much more than a simple comparison of the accounting frameworks, this new edition has been redesigned for the US market. The 2008 edition:

1. Puts into context how the conversion to IFRS has implications beyond just the accounting department
2. Provides insight as to the impact of key differences between IFRS and US GAAP
3. Provides an executive summary and thoughtfully encourages early consideration of what IFRS would mean to investment companies.