Global

Details

  • Service: Audit, IFRS
  • Date: 11/15/2013

IFRS and US GAAP – comparability and consistency now in focus 

It was not so long ago that the mention of IFRS immediately conjured up thoughts of convergence with US GAAP. But today, the key words are ‘comparability’ and ‘consistency’. Comparability of information prepared under IFRS and US GAAP, rather than convergence of the two frameworks; and consistency of application and enforcement.
With respect to comparability, the differences between IFRS and US GAAP remain significant in many areas, and are of keen interest to the preparers and users of financial statements. Understanding these differences is part of the way to achieving consistency and comparability. With this in mind, we are pleased to publish our latest edition of IFRS compared to US GAAP. An abridged overview version is also available that provides a high-level briefing for audit committees and boards.

US GAAP comparison 2013

US GAAP comparison 2013
The purpose of our publication IFRS compared to US GAAP is to assist you in understanding the significant differences between IFRS and US GAAP.

© 2014 KPMG IFRG Limited is a UK company, limited by guarantee. All rights reserved. KPMG IFRG Limited, registered in England No 5253019. Registered office: 8 Salisbury Square, London, EC4Y 8BB

 

Share this

Share this