Author's Posts

Navigating the multi GAAP reporting maze

Posted by: Parthasarathy Srinivasan | November 07, 2012

Although the SEC has not specified a date by which US companies must fully adopt the International Financial Reporting Standards (IFRS), most have realized the importance of transitioning to the new standards. To date, around 120 countries around the world require or permit IFRS reporting, and about 90 require IFRS reporting for all domestic, listed companies.