More U.S. executives—within finance and beyond—are beginning to look closely at International Financial Reporting Standards (IFRS) as a basis for financial reporting. As full acceptance of IFRS in the U.S. nears, developing a plan around IFRS implementation is becoming increasingly important for companies to effectively position themselves for the future.

To help companies better understand the impact a move to IFRS will have on organizations, Deloitte has released the publication “International Financial Reporting Standards for U.S. Companies: Planning for adoption.” This publication provides an overview of key IFRS considerations, includes practical steps for U.S. executives, and addresses key questions for U.S. companies, including:

• How can company leaders—especially in finance—begin to plan properly for tomorrow’s IFRS world?
• What impact will a transition to IFRS have on technical accounting, tax, process and statutory reporting, technology infrastructure, and organizational issues?
• What about timing considerations for IFRS conversion activities?

Download the PDF of the publication to learn more.

Related Content:
Press Release: Full Adoption of IFRS Expected; Becoming Important for Companies to Develop Response, Implementation Plan 
Overview:  International Financial Reporting Standards   
Resources: IFRS Resource Library