IFRSs for US companies – planning for adoption
07 Aug 2008
As full acceptance of IFRS in the United States nears, developing a plan around IFRS implementation is becoming increasingly important for companies to effectively position themselves for the future.
To help companies better understand the impact a move to IFRS will have on organisations, Deloitte has released the publication International Financial Reporting Standards for US Companies: Planning for Adoption. This publication provides an overview of key IFRS considerations, includes practical steps for US executives, and addresses key questions for US companies, including:
- How can company leaders – especially in finance – begin to plan properly for tomorrow's IFRS world?
- What impact will a transition to IFRS have on technical accounting, tax, process and statutory reporting, technology infrastructure, and organisational issues?
- What about timing considerations for IFRS conversion activities?
