History of IFRS, Framework, and General Differences
Janice Patrisso, Partner, National IFRS Leader; Karl Braun, Seconded Partner, IFRS Project Management Office; Paul Munter, Partner, IFRS National Professional Practice Leader, KPMG LLP | March 11, 2010 | 12:00pm ET
IFRS Institute
This first Webcast in our series is dedicated to the discussion of the common differences between U.S. GAAP and International Financial Reporting Standards (IFRS). The purpose of this series is to help educate and train preparers, users, academia, and other professionals and interested parties identified by the U.S. Securities and Exchange Commission (SEC) in its February 24, 2010 policy statement. This is considered one of the key transition issues to incorporating IFRS into the U.S. financial reporting system.
This Webcast is designed to provide a foundation and framework for a series of 10 monthly Webcasts that will focus on individual accounting and reporting topics. KPMG partners will provide insights into:
- History of the development of IFRS
- Framework and its role in IFRS
- Fundamental differences in structure and concepts of IFRS when compared to US-GAAP
The Webcasts are scheduled monthly until January 2011. Continue visiting the IFRS Institute for more information on additional Webcasts in the series and to register.