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Similarities and differences: A comparison of US GAAP and IFRS for investment companies.
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:
Much more than a simple comparison of the accounting frameworks, this new edition has been redesigned for the US market. The 2008 edition:
- Puts into context how the conversion to IFRS has implications beyond just the accounting department
- Provides insight as to the impact of key differences between IFRS and US GAAP
- Provides an executive summary and thoughtfully encourages early consideration of what IFRS would mean to investment companies.
