Who’s First to Adopt International Accounting Standards?
To be allowed to use the international standards early, a company must be among the 20 largest in its industry internationally whose competitors are already using the international standards. Companies that follow international accounting rules and have securities registered to trade in the United States are not required to reconcile their books to US rules. This leaves investors with two sets of accounting rules to comprehend.
Related Questions
- Is there an international standard setting regime for water accounting along the lines of international accounting standards?
- What has the International Accounting Standards Board accomplished by issuing IFRS for SMEs?
- Can a company not included in the Road Map voluntarily adopt the new Accounting Standards?
