Accounting -- Resources for International Accounting Standards
International
Accounting Standards Board
Convergence
of Accounting Standards
Country-Specific
Accounting Standards
INTERNATIONAL ACCOUNTING STANDARDS BOARD (IASB)
Formed in January 2001, the ISAB replaced its predecessor, the International Accounting Standards Committee (IASC), as the international standards setting body. Looking towards greater formalization of international accounting standards, IASB is structured similarly to the FASB. It is currently the focus of the IASB, in collaboration with the FASB and other accounting focused organizations, to "converge" standards and develop a single, universally accepted set of biding international accounting standards. The IASC, and now IASB, issue a series of standards known as International Financial Reporting Standards (IFRS), formerly called International Accounting Standards (IAS).
Accounting
Research Manager
Includes the full text of all International Accounting Standards
(IAS), International Financial Reporting Standards (IFRS), and guidance
issued by the IASB.
Convergence
Understanding
International Financial Accounting Standards (IFRS)
Ernst & Young special report published in the Financial Times,
October 6, 2004.
GAAP Convergence
2002
Annual survey published by the International Forum on Accountancy
Development (IFAD) with six large international accounting firms.
It highlights the trends and directions of 59 countries in the convergence
of their national accounting standards with IFRS.
Turn to the IASB both for current and forthcoming standards and the movement towards convergence of international accounting standards across countries. Check the FASB, International Forum on Accountancy Development (IFAD), International Federation of Accountants (IFAC) and the European Union's activities on convergence as well.
News About International
Financial Reporting
This site does an excellent job of summarizing new developments,
pointing you to relevant web sites, and identifying new publications,
including those comparing IFRS and Country-Specific GAAP. This site
it sponsored by Deloitte.
Comparisons
of IFRSs and National GAAPs (Deloitte)
Countries covered include: Canada, 14 Central European Countries,
China, Germany, Japan, Hong Kong, Malaysia, Netherlands, Singapore,
South Africa, United Kingdom, and United States
IFRS GAAP Comparisons, Disclosure Checklists & Illustrative Financial Statements (KPMG)
Links to Information Relating to IASB and International Financial Reporting
IFRS
e-Learning (Deloitte)
Deloitte has developed a series of free (upon registration) IFRS
training modules. Includes: real-life scenarios demonstrating application
of standards and worked examples highlighting aspects of standards
in action.
Big Four accounting firms also publish white and analysis on the
implications of convergence.
Ernst
& Young
Deloitte & Touche
PricewaterhouseCoopers
KPMG Peat Marwick
Country-Specific Accounting Standards
Links to International
and Country-Specific Web Site
Comprehensive list of related web sites, including: government and
regulatory accounting organizations, international accounting organizations,
collections of security exchanges, professional accounting organizations
worldwide (broken out by country), and academic organizations focused
on international accounting, accounting standards setting bodies
worldwide, and collections of other accounting links.
Miller
European GAAP Guide
Available on LexisNexis Academic, from the home page, click Business>Accounting,
select publication from Sources box.
Many Big Four accounting firms publish comparative analysis of
country accounting standards and U.S. GAAP.
Ernst & Young
Deloitte & Touche
PricewaterhouseCoopers
KPMG Peat Marwick
Global
Country Guide Snapshots (Deloitte)
Snapshot of facts, figures, economic indicators and country tax
rates for 60 trading countries; updated annual, the snapshots highlight
general economic data and country analysis.
ABI
Inform
Look to accounting journals for analysis of international accounting
standards
