The current differences between IASs and US GAAP are extensive and the recent pairing of the US

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‘The current differences between IASs and US GAAP are extensive and the recent pairing of the US Financial Accounting Standards Board and IASB to align IAS and US GAAP will probably result in IAS moving further from current UK GAAP.’

Discuss the implication of this on any choice that non-listed UK companies might make regarding complying with IFRS rather than UK GAAP after 2005.

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Financial Accounting And Reporting

ISBN: 9780273760887

15th Edition

Authors: Barry Elliott, Jamie Elliott

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