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

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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.

This thesis is restricted to the Claremont Colleges current faculty, students, and staff.

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