Premium
IFRS Convergence: Learning from Mexico, Brazil, and Argentina
Author(s) -
Steinbach Kevin D.,
Tang Roger Y. W.
Publication year - 2014
Publication title -
journal of corporate accounting and finance
Language(s) - English
Resource type - Journals
eISSN - 1097-0053
pISSN - 1044-8136
DOI - 10.1002/jcaf.21937
Subject(s) - international financial reporting standards , accounting , business , convergence (economics) , economics , economic growth
Many countries have adopted International Financial Reporting Standards (IFRS) for domestic listed companies. In the United States, a major concern about the adoption of IFRS has been the cost of implementation. However, worldwide acceptance of IFRS would eliminate the extra costs of dissimilar accounting standards. Overall, what can we learn from countries that have already adopted IFRS?