IFRS

Recent Activity

What are your thoughts on when and how IFRS should be adopted in the U.S.?

Sunil Thukral (Technical Accounting/Reporting, Consultant)

Sunil Thukral

Title: Technical Accounting/Reporting
Company: Consultant

Please share with the group as to your thoughts as to the best way the IFRS being incorporated in the U.S. Should IFRS be adopted for all the companies - both listed and private companies? Will there be a benefit for the adoption of the IFRS? Also please...

IFRS is coming. When and how should you prepare?

Regis Quirin (Chief Financial Officer Consultant, CMD Capital Formation LLC)

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Regis Quirin

Title: Chief Financial Officer Consultant
Company: CMD Capital Formation LLC

The adoption of IFRS standards is well underway globally. PWC has a great map which provides integration details by country (http://www.pwc.com/us/en/issues/ifrs-reporting/country-adoption/index.jhtml). How these changes will affect your company...

Should I use consultants to prepare for IFRS or train my own people?

Anonymous (VP Finance/Corp Controller)

When preparing for IFRS conversion, should I use my own staff and get them trained, or hire outside consultants? What are the pros/cons of both paths?

What should I be doing to prepare my company for IFRS?

Anonymous (VP Finance/Corp Controller)

Here it is Q2 of 2012 and IFRS is still more dream than reality in the U.S.. I'm a finance exec at a publicly traded U.S. company. What, if anything, should I be doing to prepare for IFRS? I feel like anything I do at this point may be wasted time and money given how...

What is the latest timeline for IFRS?

Anonymous (VP Finance/Corp Controller)

For both public and private companies, what is the current timeline for adopting IFRS. Which probably begs the question of: where are we with regards to IFRS convergence and adoption in the U.S.? Is there a timeline currently? What does the FASB have to say?

IFRS seems to be making a lot of noise in industry, here and in the journals

Wayne Spivak (Managing Consulting CFO, SBA * Consulting, LTD)

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Wayne Spivak

Title: Managing Consulting CFO
Company: SBA * Consulting, LTD

But I really haven't seen CPA firms getting involved as of yet. Are there really jobs out there? I recently (through a client) met a UK Chartered Accountant ( with a law degree) looking to relocate to the US who is an IFRS expert. He's looking in the NYC...

When accounting for operating leases, what are the differences between GAAP and IFRS?

Anonymous (Accounting Manager)

2011 PWC Survey: Companies' thoughts on the best timing and methods for incorporating IFRS -

Sunil Thukral (Technical Accounting/Reporting, Consultant)

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Sunil Thukral

Title: Technical Accounting/Reporting
Company: Consultant

Corporate financial reporting in the US is in a period of change and uncertainty. In the thick of this change, we wanted to gather companies' views of what approaches to incorporating IFRS would best serve the interests of investors, preparers and other users of...