You can save this article by registering for free here. Or sign-in if you have an account. By Jan. 1, 2011, small and medium Canadian companies will have to decide what standard to use in reporting ...

The AICPA on Thursday submitted comments on the SEC’s proposed road map for the use of IFRS by U.S. public companies. The Institute recommended additional changes to financial reporting regulations, a ...

International Financial Reporting Standards (IFRS) are destined to be the lingua franca of the international accounting world. Approximately 100 countries already require, allow or are in the process ...

GAAP reports in detailed, precise formats; IFRS allows flexible, principle-based reporting. GAAP does not permit asset value recovery post-impairment; IFRS allows revaluation. IFRS does not mandate ...

The International Accounting Standards Board (IASB) issued IFRS 18: Presentation and Disclosure in Financial Statements in April 2024, marking the most ...

The Investment Industry Regulatory Organization of Canada intends to require all of its firms to adopt International Financial Reporting Standards. An IIROC notice issued Monday sets out the results ...

Add articles to your saved list and come back to them any time. The adoption of the International Financial Reporting Standards (IFRS) this year will have a significant effect on its interim and ...

As a direct consequence of the new International Financial Reporting Standards (IFRS), all companies that lease property to operate their businesses will see a significant increase in reported assets ...