US GAAP and IFRS

US GAAP and IFRS

In 2012, The Australian Government

Use at least two peer-reviewed academic journal articles as support.

 

US GAAP and IFRS

 

Explain the current state of International Accounting Standards and the road map towards convergence.

 

US GAAP and IFRS

 

Summarize

the key differences between U.S. GAAP and IFRSs. Identify the pros and cons of using each standard.

 

US GAAP and IFRS

 

Finally, with

the core values of excellence and integrity in mind, determine the best option for the United States (keep our

existing standards, converge with IFRSs, or adopt IFRSs).

 

US GAAP and IFRS

 

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