United States

IFRS in the U.S. – Current Status and Outlook

Jul 31, 2015
From the Financial Reporting Network and the IFRS Institute

This edition of Defining Issues discusses the fact that there has been little progress in recent years in the U.S. consideration of incorporating International Financial Reporting Standards (IFRS) into the financial reporting regime for domestic issuers, while IFRS continues to be adopted or permitted in additional jurisdictions around the world. Is the goal still to have a single set of globally accepted standards that are consistently applied and enforced, and if so, how might the U.S. proceed from here to achieve that objective?

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