Get used to it, folks: International financial reporting standards, or IFRS, are here to stay.
IFRS took another step toward full-fledged U.S. adoption when the American Institute of CPAs officially recognized the International Accounting Standards Board as a standard-setter for the profession. That gives AICPA members the option of using IFRS instead of U.S. generally accepted accounting principles.
With that milestone in place, the AICPA has released a number of resources that explain the IFRS concept and answer IFRS-related questions from a number of different perspectives. Check out the following:
These and other IFRS resources, along with related news headlines and training opportunities, are available on the MACPA’s IFRS resource center.
Check out these resources, then tell us: Are you ready for the inevitable arrival of IFRS?
Learn more at the ExpoIFRS will be among the topics covered at the first-ever Maryland Business and Accounting Expo, slated for June 17-18 at the Baltimore Convention Center. Get details about the Expo and register here.