Tag Archives: IFRS

Corporate Tax Professionals Support SEC Staff Plan for IFRS Incorporation into US Financial Reporting

In-house company accountants and lawyers responsible for implementing the accounting rules for income taxes that form a part of the company's financial statements support the SEC staff's plan to incorporate IFRS into the US financial reporting system. In a letter … Continue reading

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UK Regulators Emphasize Continued Relevance of True and Fair Principle under GAAP and IFRS

UK regulators have issued a report emphasizing and reaffirming that the requirement that audited financial statements give a true and fair account of a company's operations remains of fundamental importance under both UK GAAP and IFRS. The Accounting Standards Board … Continue reading

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