IFRS Resources

To help AICPA and state society members understand the principles behind IFRS, AICPA is pleased to offer a complimentary one hour webcast, divided into segments, that offers an excellent overview of IFRS. The video includes important excerpts from a presentation given by an expert panel to the AICPA Board of Directors. Please click on the link below to view the presentation.

 
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FASB's GAAP codification means big changes -- Time to get ready!

Significant changes are coming that will affect the way financial statement preparers, auditors and academicians perform accounting research and reference accounting literature. On July 1, the Financial Accounting Standards Board is expected to issue the FASB Accounting Standards Codification™ as authoritative. At that time, it will become the source of authoritative U.S. accounting and reporting standards for nongovernmental entities, in addition to guidance issued by the Securities and Exchange Commission. This restructuring will change how CPAs perform accounting research and they will require education on the changes.

The AICPA has a dedicated Web site that includes background information and many useful resources. Visit the FASB's codification Web site as well to be prepared before the July 1 effective date.