On the Radar — Comparing IFRS Accounting Standards and U.S. GAAP: Bridging the differences
Published on:
30 Sep 2024
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Although U.S. GAAP and IFRS® Accounting Standards are built on largely similar concepts and often lead to similar accounting outcomes, there are many differences in the specific accounting requirements. Therefore, it can be difficult to directly compare financial statements that have been prepared under these different standards. Accordingly, professionals need to be mindful of the differences between U.S. GAAP and IFRS Accounting Standards when preparing, aggregating, consolidating, comparing, or interpreting financial information that involves both sets of accounting standards.
The On the Radar is available on the Deloitte Accounting Research Tool Web site.
