Stealing an IFRS

摘要

Momentum continues to build behind International Financial Reporting Standards. While more countries, a recent example being Korea, are announcing intentions to move to IFRS, the US authorities are also sounding increasingly positive (see Accountancy, July, p85). Allowing US domestic registrants to use IFRS, should that ultimately happen, would give a major boost to the International Accounting Standards Board (IASB), even more than any removal of the IFRS-US GAAP reconciliation requirements for foreign private issuers.