January 07, 2009 |
 |
IFRS Roadmap It is inevitable that U.S. companies will eventually prepare financial statements under IFRS – the only remaining question is when the change from U.S. GAAP will be required. To that end, the SEC has published a “roadmap” setting out proposed timelines and prerequisites for the adoption of IFRS by U.S. registrants. This article describes some of the main aspects of, and challenges associated with, the SEC’s proposals, as well as the potential implications of the roadmap for private companies. |
January 21, 2008 |
 |
"New and Improved" Financial Statements The Financial Accounting Standards Board ("FASB") and the International Accounting Standards Board ("IASB") have embarked on a joint project to completely redesign the basic financial statements. In developing a new set of financial statements, the Boards directed their staff to start with a "blank slate", and recent Board discussions suggest that substantial changes could be on the way. This article discusses some of the tentative conclusions reached by the Boards and their potential implications to preparers and users of financial statements. |
Thursday, March 18, 2010
Articles
From time to time, Mind the GAAP publishes articles on new or emerging issues, or "refreshers" on how to apply existing accounting standards.
If you are interested in being notified by e-mail when these publications become available, please click here to sign-up.