Accountancy/IFRS

International Financial Reporting Standards (IFRS).

International Financial Reporting Standards (IFRS) are Standards, Interpretations and the Framework Full text of the Framework adopted by the International Accounting Standards Board (IASB). [1]

United States

Financial Accounting Standards Board (FASB)[2]

Generally Accepted Accounting Principals (GAAP)[3]

U.S. Securities and Exchange Commission (SEC)

International

International Accounting Standards Board (IASB) [4]

International Financial Reporting Standards (IFRS) [5]

International Accounting Standards Committee (IASC)

Description International United States
Organization IASB FASB
Name of Standards IFRS GAAP
Oversight IASC SEC
Oversight Type Private Public

ReferencesEdit

Also SeeEdit

International Accounting Standards Board (2007): International Financial Reporting Standards 2007 (including International Accounting Standards (IAS(tm)) and Interpretations as at 1 January 2007), LexisNexis, ISBN 1-4224-1813-8

Original texts of IAS/IFRS, SIC and IFRIC adopted by the Commission of the European Communities and published in Official Journal of the European Union http://ec.europa.eu/internal_market/accounting/ias_en.htm#adopted-commission

External LinksEdit

IFRS for SMEs

Why many Financial Services are adopting to IFRS - Deloitte | An Overview of International Financial Reporting Standards (IFRS)

Accounting Standards

Last modified on 30 December 2011, at 11:05