Comparing and Contrasting International Financial Reporting Standards (IFRS) and Generally Accepted Accounting Principles (GAAP)

Comparing and Contrasting International Financial Reporting Standards (IFRS) and Generally Accepted Accounting Principles (GAAP) By Gary Lasker, CPA, CFE Instead of a domestic oriented economy, we now find ourselves in a world economy.  Even in the world of accounting, a conservative discipline to say the least, the trend is toward globalization.   Since the 1930’s, accountants…