United States

Updated comparisons of U.S. GAAP and IFRS on a variety of topics


While the U.S. Securities and Exchange Commission does not permit the use of International Financial Reporting Standards (IFRS) by domestic registrants, IFRS remains relevant to these entities, as well as private companies in the U.S., given the continued expansion of IFRS use across the globe. For example, many U.S. companies are part of multinational entities for which financial statements are prepared in accordance with IFRS, or these companies may wish to compare themselves to such multinational entities or expand internationally through organic growth or acquisitions. For these and other reasons, it is critical to gain an understanding of the effects of IFRS on a company’s financial statements. To start this process, we have a series of comparisons dedicated to highlighting significant differences between U.S. GAAP and IFRS. We recently updated the comparisons on the following topics:

  • Business combinations
  • Cash flow statements
  • Consolidations
  • Contingencies and provisions
  • Earnings per share
  • Foreign currency matters
  • Impairment of long-lived assets
  • Income taxes
  • Intangible assets other than goodwill
  • Inventory
  • Property, plant and equipment and investment property
  • Revenue from contracts with customers
  • Segment reporting
  • Share-based compensation
  • Subsequent events

Access these comparisons at our U.S. GAAP vs. IFRS comparisons series

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