Guam
- Government CPA licensing board: Guam Board of Accountancy
Financial Reporting Framework in Guam
Companies in Guam follow the US GAAP issued by the Financial Accounting Standards Board (FASB) as the primary source of authoritative literature for financial reporting. As of now, there are still various differences between IFRSs and US GAAP, although convergence efforts are underway in various areas to bring about more similarities between these two frameworks.
- Comparison of IFRSs and US GAAP as of July 2008 (PDF 378k, 76 pages)