Conversion from U.S. GAAP to IFRS is a heavily discussed topic in the corporate world. Expected benefits of adoption include reporting consistency, enhanced global competition and improved financial ...

In line with Section 8 of Federal Inland Revenue Service (FIRS) Establishment Act 2007, FIRS issued a draft circular in October last year to provide direction to stakeholders on the tax implications ...

Inside the growing footprint of IFRS lies something many small and midsize CPA firms may be overlooking—rich opportunities for business development. IFRS-related work in the United States has largely ...

In his first speech in the U.S. as chairman of the International Accounting Standards Board, Hans Hoogervorst made the case for why the U.S. should adopt International Financial Reporting Standards.

A quiet but significant shift has been taking place in the world of recruitment agencies. As these firms scale, more of them are being drawn into the orbit of IFRS 16, the international accounting ...

With Canada’s private companies preparing adopt either International Financial Reporting Standards (IFRS) or the proposed private company reporting framework by 2011, the anticipated standards are ...

Comments by several key Democrats in Congress have hinted they are concerned that the transition to international accounting standards might weaken regulatory control. Federal officials, including the ...

OLDWICK, N.J.--(BUSINESS WIRE)--Swiss Re’s adoption of IFRS 17 has resulted in some shifts atop AM Best’s rankings of the world’s largest reinsurers, which differ based on accounting standards. The ...

On July 28, 2010, the Federal Executive Council accepted the recommendation of the Committee on the Roadmap to the Adoption of International Financial Reporting Standards (IFRS) in Nigeria, that it ...