IFRS | Accounting is changing. Are you ready? | Ernst & Young | US IFRS services - Ernst & Young - United States

US GAAP versus IFRS: the basics

The FASB and the IASB have made significant strides toward their stated goal of converging US GAAP and IFRS, but they have yet to finalize three of the priority projects they identified in their 2008 Memorandum of Understanding.

We provide a comparison of standards, including key developments through December 2011.

Joint Project Watch June 2012

The IASB and FASB plan to re-deliberate the second revenue recognition ED, while continuing work on other projects. See this snapshot of key IFRS developments.

IFRS webcasts

• Webcast: SEC comments and trends: an analysis of current reporting issues
  Join us 2 October to gain unique insights into the SEC comment letter process.
• Webcast On-demand: Lessons learned from year-end reporting
  We address the potential issues and pitfalls in the upcoming 2012 reporting cycle.

• All IFRS webcasts

Global IFRS

Please see our Global IFRS site for additional resources, including Ernst & Young's global IFRS newsletter, IFRS outlook and web based learning modules.