Accounting regulators are still a long way from ironing out key differences
between IFRS and US GAAP for foreign private issuers, according to telling
The report – ‘Towards convergence: A Survey of IFRS to US GAAP differences’ –
reviewed the first set of IFRS statements produced by 130 foreign private
issuers and how they reconcile their IFRS financial information to US GAAP. It
showed that there were still over 200 reported IFRS to US GAAP differences in
the FPI annual SEC filings.
The most marked differences were around business combinations, pensions and
E&Y’s US capital markets partners Alan Millings said: ‘Whilst companies
have tried to minimise reported differences, convergence is still some way off.’
The FRC has said that the investigation will 'consider, but not be restricted to, issues regarding misstated accounting balances'
The AAT will deliver the end point assessments for the apprenticeships
The tax return deadline is looming, but the 'mad rush' isn't necessary, argues Carl Reader
The London School of Business & Finance has become the official provider of ACCA tuition materials for the PwC CEE Academy