This site uses cookies to store information on your computer. Some are essential to make our site work; others help us improve the user experience. By using the site, you consent to the placement of these cookies. Read our privacy policy to learn more.


The bilingual CPA Logo aicpa

  Terry Campbell, CPA, CGMA |   Free |   AICPA |   01 Mar 2016 |   Journal of Accountancy

Clients, potential clients, competitors, suppliers, and customers of CPAs prepare financial statements using IFRS. Companies have subsidiaries and/or joint ventures that use IFRS. Even SMEs (small and medium-size enterprises) are involved in global settings with suppliers and/or customers. IFRS is used in numerous instances in which accountants encounter the need to compare, contrast, and reconcile IFRS to U.S. GAAP. This article discusses why it is so crucial for CPAs to have proficiency in both U.S. GAAP and IFRS.

Topics covered:
  • Financial accounting & reporting: Technical: International Financial Reporting Standards, Foundational

1 Comments/Reflections

Mohammad  Ahmad

Mohammad Ahmad Mar 2016

You may also be interested in: