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IAS Plus newsletter — Summary of Key Differences Between IFRSs and US GAAP

Published on: 21 Jun 2004

This newsletter sets out some of the key differences between International Financial Reporting Standards (IFRSs) and United States generally accepted accounting principles (US GAAP), with a status note on what, if anything, is being done about each difference as of June 2004. The status note is based on our understanding of proposals or tentative decisions by the IASB or the FASB. Those proposals and tentative decisions are subject to revision. The differences (or non-inclusion of what, until recently, was a difference) reflect all IFRSs issued and revised through 4 June 2004, including those that do not become mandatory until 2005.



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