KPMG LLP recently published the 2015 IFRS Compared to US GAAP to help financial statement preparers and users understand the differences between IFRS and U.S. GAAP. The release of the publication comes at an interesting time, as the IASB and FASB’s joint convergence strategy to achieve a single set of high-quality, global accounting standards is nearing an end. Meanwhile, the SEC continues to support the goal of achieving a single set of high-quality, global accounting standards, and may give U.S. domestic filers the option to provide supplementary IFRS-based financial information in their SEC filings. See Defining Issues 15-57.
An overview version of the publication is available in PDF. The full version will be available on ARO shortly. A printed version of the full publication only will be available in mid-January at a cost of €110.