On the Radar — Comparing IFRS Accounting Standards and U.S. GAAP: Bridging the differences

Published on: 25 Jul 2022

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.

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