Global accounting standards! Is the project hitting the buffers?

Author:Richard MARTIN, ACCA

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Keywords:convergence, reconciliation, road map, amendments, endorsment

Abstract:
„The article examines the current situation in the on-going ‘convergence’ programme between International Financial Reporting Standards (IFRS) and US Generally Accepted Accounting Principles. (US GAAP) Richard Martin, Head of Financial Reporting at ACCA believes that progress may be slowed by the European Union’s revised endorsement procedures for IFRS standards, which gives more power to the European Parliament to intervene in the process.”\r\n

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