International Financial Reporting Standards (IFRS): What Internal Auditors Need to Know - Download PDF

  • Item No. : 2015.dl
  • ISBN : 978-0-89413-661-0
  • Publisher : The IIA Research Foundation
  • Publish Date : 2009
  • Authors : The IIA Research Foundation
  • Media : Download
  • Page count : 15
  • Member Price : $0.00
  • Non-Member Price : $40.00
  • Download International Financial Reporting Standards (IFRS): What Internal Auditors Need to Know - Download PDF


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The International Financial Reporting Standards (IFRS) — a set of global accounting standards developed by the International Accounting Standards Board (IASB) — are quickly becoming the worldwide norm for financial statements in publically traded entities.
 
This research report aims to provide internal auditors with a working knowledge of this important challenge facing many companies and to help in planning for the road ahead. Please note that the version of IFRS currently available is for publically traded entities. The IASB is working on a less-complex version for private entities to be available in the first quarter of 2009.
 
Highlights in this report:
  • IFRS versus U.S. GAAP: What is the difference?
  • Internal audit’s responsibility in the IFRS process.
  • Business Impact: Key changes to expect from IFRS.
  • Proposed timeline for IFRS Convergence in United States.
  • Summary and IFRS resources.
The IIA Research Foundation is a 501(c)(3) corporation formed to expand knowledge and understanding of internal auditing by providing relevant research and educational products to advance the profession globally. Learn more about The Foundation.

 

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