Pick a Number: The U.S. and International Accounting, Second Edition

$21.99

The first edition of this book explained the efforts of the International Accounting Standards Board (IASB) to develop accounting regulations to be used worldwide. In 2002, progress was accelerated by the decision of Financial Accounting Standards Board (FASB) in the United States to converge their regulations with international standards.
This second edition describes the successes and fail- ures of the convergence project. The U.S. involvement brought about many changes in corporate financial reporting, but there were differences in opinions on specific issues. This resulted in the FASB, US focusing on its own regulations.
We explain the main convergence achievements and also the differences leading to the end of the project. Our analysis reviews new developments in corporate reporting, including the issues of sustainability, governance, and integrated reporting.

Description

About the Author(s)

Roger Hussey

Roger Hussey received his MSc in Industrial Relations and PhD in Financial Communications from University of Bath, UK. He worked as an accountant in industry before moving to the Industrial Un…

Audra Ong

Audra Ong, PhD, MBA, is a professor of accounting at the University of Windsor, Canada. She has also taught in the U.K. She received her PhD in accounting from the University of the West of Eng…