Profile: Margaret Rouse
|While U.S. GAAP could conceivably become the de facto global standard, it seems more likely that IFRS will hold that distinction. More countries and markets use IFRS, it has been developed with an international view from the start, and it has the structures in place to obtain global input and acceptance.
Scott Taub IFRS & U.S. GAAP: Where Do We Stand?
Today’s WhatIs.com Word of the day is International Financial Reporting Standards (IFRS).