GAAP news from FierceComplianceIT
NewsSo are we ever going to adopt IFRS?
The world was looking to the SEC for clarity on the adoption of the International Financial Reporting Standards in the U.S (regulation news). The SEC responded by issuing a modified timeline, but in... Read more...
Pay attention to Reg G updates
When a company publicly discloses information with a non-GAAP financial measure, Regulation G requires the disclosure to be accompanied and compared to a directly comparable GAAP measure. When... Read more...
A good thing: Audit convergence taking a back seat?
One big question that looms large for 2010 is whether we will truly make the transition to the International Financial Reporting Standard, or IFRS. We've been talking about this for a long time, and... Read more...
Have you started your IFRS process yet?
We've noted that the conversion from GAAP to IFRS is, in many ways, a consultancy's dream. We're seeing lots of marketing activity underway, but at the same time, this is a more than legitimate area... Read more...
IFRS for small businesses
We tend to think of IFRS as a public company issues, but there is such a thing as IFRS for small, private businesses. The International Accounting Standards Board released IFRS for SMEs in July. This... Read more...
IFRS to hit LIFO companies
We've noted the transition to IFRS from U.S. GAAP will likely have a lot of unforeseen consequences, not unlike Sarbanes-Oxley. Compliance Week takes a look at one issue: How IFRS adoption would... Read more...
Worries about IFRS audit burdens mount
Given the ongoing financial crises, concerns about the transition to International Financial Reporting Standards have taken a back seat, but not completely. There is mounting concern about the... Read more...
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