As the wait for an SEC decision on IFRS continues indefinitely, CPAs can turn their international standards focus to the convergence projects on leases, revenue recognition and financial instruments, ...

Approaching IFRS (the International Financial Reporting Standards) through a converged set of accounting standards, as announced by India, is a highly inconsistent but alternative line of thinking, ...

The pace of accounting standards convergence is accelerating, and is being driven primarily by an investment community that is rapidly embracing International Financial Reporting Standards. At the ...

Have There Been Benefits to the Convergence Process? Gven this background, the purpose of this discussion is twofold: to provide a review of the events surrounding the convergence movement over the ...

CII has come up with a guide?Journey to IFRS? that has been aimed at making the industry aware of challenges to IFRS convergence. The publication, which provides an overview of IFRS, is a key ...

New Delhi: Industry Chamber CII said on 4 November the convergence of International Financial Reporting Standards (IFRS), the global accounting practice followed by 102 countries, would improve ...

The ambitious road map to give the world a single accountancy standard - by converging U.S. generally accepted accounting principles with International Financial Reporting Standards by 2008 - may be ...

Despite the aimed at blending International Financial Reporting Standards and U.S. GAAP, it's time for companies to start getting ready for a new financial reporting regime. At least, that's the ...

As part of the initiatives towards India’s convergence with IFRS from 2016-17, the Accounting Standards Board of the Institute of Chartered Accountants of India has recently issued exposure drafts on ...

Nearly a decade after FASB and the International Accounting Standards Board (IASB) agreed to converge their standards in “The Norwalk Agreement,” the SEC staff floated a concept in May that would ...

IFRS convergence — a taxing issue! One of the fundamental problems with recognising the IFRS framework for taxation effective April 1 arises due to the fact that not all companies will transition to ...