Comparison of IAS and national GAAP in 53 countries
18 Jan 2001
As part of their commitment to implementing the Vision of the International Forum for Accountancy Development (IFAD), the large accounting firms have published a study, GAAP 2000: A Survey of National Accounting Rules in 53 Countries. The study demonstrates the continuing problems of cross-border interpretation of company financial data.
It provides an overview of some of the differences between national accounting rules and 60 key accounting measures (including a few areas of disclosure) under International Accounting Standards. The study highlights instances where a country's rules at December 2000 would not allow, or would not require, the IAS accounting treatment.