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International Financial Reporting Standards (IFRS) reporting
US GAAP convergence & IFRS
US financial reporting will undergo an unprecedented level of change within the next several years.
On one hand, US companies face convergence between US GAAP and IFRS, affecting several major accounting standards - most notably in the areas of leasing, revenue recognition, and financial instruments. On the other hand, IFRS conversion warrants consideration. IFRS is already impacting business decisions, and not simply through non-US subsidiaries. Understanding both of these major changes, and their business and operational implications, is an imperative for US companies. Take advantage of the resources that PwC has developed to increase your knowledge.
Stay informed - sign up for our US GAAP convergence & IFRS updates on new developments and resources.
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US GAAP convergence & IFRS video updateListen in as PwC's US IFRS leaders discuss the current status of convergence and IFRS in the US, PwC's point of view, how IFRS activity continues elsewhere in the world, and what companies can be doing in response. |
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IFRS: Where we stand
PwC's point of view
IFRS around the world
What should companies do?