In this Financial Executive article, “IFRS Conversion Promises Change for CFOs and Finance Departments,” Deloitte & Touche Partner Joel Osnoss discusses the movement toward International Financial Reporting Standards (IFRS), how finance and accounting will change in the United States and what chief financial officers can do now to prepare.

Key topics include:

• How CFOs can bridge the differences between U.S. Generally Accepted Accounting Principles (GAAP) and IFRS
• What changes CFOs can expect to their role
• The need to address a change in mindset throughout the finance organization – to start thinking about judgments rather than bright line rules.
• Timing a transition to IFRS and next steps

Download the full article to learn more. Distributed with permission from the publisher.