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VIEW INTERNATIONAL FINANCIAL REPORTING STANDARDS (IFRS) PRESENTATION

International Financial Reporting Standards (“IFRS”), in its current and prior form, have been used all over the world for over 30 years, and  these Financial Reporting Standards are now adopted by over 100 countries, although no adoption commitment has been stated by China, Libya, United States or Russia at this time. It is anticipated that in 2011 the SEC will be making a decision on whether or not to adopt the previously announced “Roadmap”.

In our presentation, Is IFRS Good for America?, we examine the history of International Financial Reporting Standards (“IFRS”), and discusses which buisinesses will be affected inthe short- and long-term. Also discussed are the similarities and differences between International Accounting Standards and U.S. GAAP. Finally, the implications of implementing International Accounting Standards are discussed, including anticipated implementation approach, cost to implement, and anticipated trouble areas.

For more information, contacT: Larry Gray, CPA MBA, Partner, Amper Quality Assurance