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 IASB moving further from current UK GAAP.’39 Discuss the implication of this on any choice that non-listed UK companies might make regarding complying with IFRS rather than a UK (adapted IFRS) GAAP.

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Financial Accounting And Reporting

ISBN: 9780273778172

16th Edition

Authors: Mr Barry Elliott, Jamie Elliott

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