The Path To IFRS Conversion: Considerations For The Banking And Capital Markets Industry
Source: Deloitte LLP
As acceptance of International Financial Reporting Standards (IFRS) in the United States becomes imminent, more banks and capital markets institutions are asking key questions: How does IFRS affect my institution? What events would influence my institution's pace of IFRS adoption? What obstacles might we need to consider? "The Path to IFRS Conversion: Considerations for the Banking and Capital Markets Industry" addresses these issues and includes useful sections on: Understanding the implications of IFRS for the banking and capital markets industry for accounting and finance, systems and tax, reviewing key differences between IFRS and U.S. Generally Accepted Accounting Principles (GAAP), evaluating approaches to IFRS conversion, developing an IFRS road map, and IFRS lessons from the European experience.