IFRS in the United States: An In-depth look at the Differences with U.S. GAAP and Potential Adoption
Graduation Year
2019
Date of Submission
12-2018
Document Type
Campus Only Senior Thesis
Degree Name
Bachelor of Arts
Department
Economics-Accounting
Reader 1
Professor Marc Massoud
Terms of Use & License Information
OCLC Record Number
1089196941
Abstract
In the last 15 years it has been widely debated whether or not the United States should adopt IFRS. Convergence efforts in the 21st century have limited the distinctions between U.S. GAAP and IFRS, but significant differences still exist. This paper takes an in-depth look at the most important remaining differences between U.S. GAAP and IFRS, and examines both sides of the argument on adoption. Finally, I conclude that the U.S. should continue to use and refine its own standards.
Recommended Citation
Gordy, Julian, "IFRS in the United States: An In-depth look at the Differences with U.S. GAAP and Potential Adoption" (2019). CMC Senior Theses. 2028.
https://scholarship.claremont.edu/cmc_theses/2028
This thesis is restricted to the Claremont Colleges current faculty, students, and staff.
