The Need, Challenges, and Prospects of IFRS Adoption in the United States
Asian Journal of Economics, Business and Accounting · pp. 73–81 · Published 17 Jun 2024
10.9734/ajeba/2024/v24i71392Abstract
Academic research shows that IFRS-based financial statements enhance transparency and comparability of financial statements. However, Securities and Exchange Commission, the regulatory body in the United States, continues to refuse to require or permit domestic companies to use IFRS. There exists a robust demand for IFRS in the United States. Though there are some obstacles in the path of IFRS adoption, these are not considered insurmountable and adoption of IFRS will provide US companies with much needed flexibility.
Cited by 0
No indexed citations yet.
Related research
- Implementation of International Financial Reporting Standard as a Tool for the Performance of Nigerian Insurance Companies — shares topic coverage
- The Significance of International Financial Reporting Standards to Emerging Economy of Nigeria — shares topic coverage
- An Empirical Assessment of Jordanian Holding Companies in Attainment of International Accounting Standards (IAS) — shares topic coverage
- Do International Financial Reporting Standards Influence Malaysian and Nigerian Banks Earnings Management Goals? — shares topic coverage
- Transiting to International Financial Reporting Standards for Small and Medium Sized Enterprises in Ethiopia: Benefits and Costs — shares topic coverage
Article metrics
Real usage data collected on this platform.
0
Page views
0
PDF downloads
0
Outbound clicks
0
Citations
Views by country
Approximate, from request IP at view time — not citizenship or institution. Countries with fewer than 5 views are grouped as "Other".
No views recorded yet.
Traffic sources
Referring site, by host.
No traffic recorded yet.
Views and downloads exclude known bots/crawlers. Citations combines this platform's own DOI-resolved index with each external source's own reported total — see Cited by above for individually listed citing works. Last refreshed 0 seconds ago.