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Comparison of IAS and national GAAP in 53 countries

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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.

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