Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Is the possible conversion to IFRS from U.S. GAAP solely a financial reporting issue?

April 26, 2017conversion financial GAAP ifrs ISSUE possible

0

Posted

Is the possible conversion to IFRS from U.S. GAAP solely a financial reporting issue?

3 Answers

0

Posted

Most CPAs will be affected to some extent because this is an issue that will have an impact far beyond just financial reports. It will affect many aspects of a U.S. company’s operations, from information technology systems, to tax reporting requirements, to the tracking of stock-based compensation.

0

Posted

Most CPAs will be affected to some extent because this is an issue that will have an impact far beyond just financial reports. It will affect many aspects of a U.S. company’s operations, from information technology systems, to tax reporting requirements, to the tracking of stock-based compensation.

0

Posted

Conversion to IFRS is much more than an accounting exercise. It will affect many aspects of a U.S. company’s operations, from information technology systems and tax reporting requirements, to internal reporting and key performance metrics and the tracking of stock-based compensation.