HISTORICAL DEVELOPMENT OF ACCOUNTING IN UNITED STATES OF AMERICA AND ITS ENCOUNTER WITH INTERNATIONAL FINANCIAL REPORTING STANDARDS, DESARROLLO HISTORICO DE LA CONTABILIDAD DE ESTADOS UNIDOS DE AMERICA Y SU ENCUENTRO CON LAS NORMAS INTERNACIONALES DE INFORMACION FINANCIERA

Rafael Marrero

Revista Global de Negocios, 2015, vol. 3, issue 5, 29-46

Abstract: This study presents a comprehensive review of the literature regarding accounting development in the United States and International Financial Reporting Standards (IFRS) convergence. The study provides an analysis of the emergence of international accounting, the signing of the agreement on convergence and future of the IFRS in the United States. The study also discusses pros and cons of the possible adoption of IFRS in the United States. In addition, we summarize the arguments in favor and against the Securities and Exchange Commission to allow IFRS for domestic companies selling in the United States of America trade markets

Keywords: Accounting; GAAP; IFRS; Norwalk Agreement. (search for similar items in EconPapers)
JEL-codes: F23 M16 M41 (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:ibf:rgnego:v:3:y:2015:i:5:p:29-46

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