US Perspectives on Implementation of IFRS
The world’s economic environment is becoming increasingly interconnected. The role and relevance of minor fi nancial markets have grown, highlighting our cross-border interdependence. Multinational corporations are becoming more commonplace. Investors depend on fi nancial statements, which when built on solid foundations, facilitate fl ow of capital. As the fl ow of foreign sources of capital has increased, the need for globally accepted accounting principles has strengthened. International Financial Reporting Standards (IFRS) are uniquely positioned to fi ll that role.