Buckle Up (On the road to IFRS) (Deloitte, 2008) resource Books / Publications OCEG Reviewed
Straight Talk Book Series - Book No. 11
International Financial Reporting Standards (IFRS) has quickly become a priority for U.S. companies now that the Securities and Exchange Commission (SEC) has proposed an IFRS roadmap and rules changes.
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SEC proposes roadmap for IFRS adoption (2008) resource Articles OCEG Reviewed
AccountingWEB.com, Aug-28-2008
The Securities and Exchange Commission voted to publish for public comment a proposed Roadmap that could lead to the use of International Financial Reporting Standards (IFRS) by U.S. issuers beginning in 2014. Currently, U.S. issuers use U.S. Generally Accepted Accounting Principles (U.S. GAAP). The Commission would make a decision in 2011 on whether adoption of IFRS is in the public interest and would benefit investors.
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China Accounting Standards: A New Beginning (2007) resource Articles OCEG Reviewed
"This year marked a large step forward for the continuing integration of world trade and capital markets, with China adopting a significant number of the accounting standards laid out by the International Accounting Standards Board (IASB). Chinese Accounting Standards (CAS) were largely replaced by the International Financial Reporting Standards (IFRS), to bring China more in line with the rest of the world."
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An Overview of International Financial Reporting Standards, Deloitte resource Tools / Templates OCEG Reviewed
International Accounting Standards (IASs) were issued by the IASC from 1973 to 2000. The IASB replaced the IASC in 2001. Since then, the IASB has amended some IASs and has proposed to amend others, has replaced some IASs with new International Financial Reporting Standards (IFRSs), and has adopted or proposed certain new IFRSs on topics for which there was no previous IAS.
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Publicly Accountable Enterprises The Road to IFRSs (AcSB, 2008) resource White Papers OCEG Reviewed
It is never too early to start planning for the changeover to International Financial Reporting Standards (IFRSs). The Accounting Standards Board (AcSB) has announced that Canadian publicly accountable enterprises will be required to adopt IFRSs for financial statements relating to years beginning on or after January 1, 2011. This includes preparation of comparative figures for 2010.
Canadian Accounting Standards Board
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SEC, Proposed Rule: Acceptance From Foreign Private Issuers of Financial Statements Prepared in Accordance With International Financial Reporting Standards Without Reconciliation to U.S. GAAP (2007) resource National Regulations Member contributionOCEG Reviewed
The Commission is proposing to accept from foreign private issuers their financial statements prepared in accordance with International Financial Reporting Standards (“IFRS”) as published by the International Accounting Standards Board (“IASB”) without reconciliation to generally accepted accounting principles (“GAAP”) as used in the United States.
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SEC, Spotlight On: International Financial Reporting Standards "Roadmap" resource Agency Web Sites Member contributionOCEG Reviewed
The Commission is proposing to accept from foreign private issuers their financial statements prepared in accordance with International Financial Reporting Standards (“IFRS”) as published by the International Accounting Standards Board (“IASB”) without reconciliation to generally accepted accounting principles (“GAAP”) as used in the United States.
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