SEC Staff Papers -- Consistency of IFRS Application and IFRS Compared to U.S. GAAP

Event Overview

KPMG's CFO Financial Forum and IFRS Institute is pleased to announce a webcast entitled, "SEC Staff Papers -- Consistency of IFRS application and IFRS compared to U.S. GAAP."

The Securities and Exchange Commission (SEC) staff recently released two reports under its IFRS work plan to consider whether IFRS might be incorporated into the financial reporting system for U.S. issuers. One report addressed the consistency in the application of IFRS among some of the largest global companies that currently apply IFRS. The second report focused on the significant differences between IFRS and U.S. GAAP.

This webcast will feature partners from KPMG's Department of Professional and Accounting Advisory Services practice. The presentation covers the staff’s analysis of how IFRS is applied globally and some of the significant differences between IFRS and U.S. GAAP.

The potential implications on the staff’s evaluation of the incorporation of IFRS into the financial reporting system by U.S. issuers will be discussed.

KPMG’s Defining Issues® No. 11-64, SEC Issues Reports on IFRS Application and Differences with U.S. GAAP, provides a summary of the staff papers.