Making the Transition to International Accounting Rules
Article from Executive Counsel
Recently there has been much discussion of International Financial Reporting Standards (“IFRS”) and increasing acceptance of the concept in the United States. Adoption of IFRS has potential advantages for the capital markets, and it can help companies simplify and standardize their reporting. But it does involve some significant changes, and the transition needs to be managed carefully in order to mitigate fraud and litigation risks.
Access the complete article, “Making the Transition to International Accounting Rules: Greater Scrutiny of Transactions, More Transparency,” co-authored by Anthony Campanelli, a senior manager in the Forensic & Dispute Services practice of Deloitte Financial Advisory Services LLP.