Download the PwC publication Staying on track: Examining IFRS for the US railroad industry
International Financial Reporting Standards (IFRS) have been affecting US companies for some time, whether through the companies’ business dealings with non-US customers and vendors that use IFRS or through non-US subsidiaries’ adoption of IFRS. Soon, US railroad companies will feel the increasing effects of IFRS at home as key aspects of accounting principles generally accepted in the United States (US GAAP) and IFRS continue to converge.