IFRS GAAP | International Financial Reporting Standards | Accounting, Accountant | Barry Epstein, Ph.D., CPA, Author, Expert

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	Wiley IFRS 2008 Barry J.Epstein Eva K. Jermakowicz


	IFRS Policies & Procedures Barry J.Epstein Eva K. Jermakowicz

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IFRS Country Adoption Status
IFRS versus GAAP

Listed below is the current position on the adoption of IFRS versus GAAP for a number of countries. This material is excerpted from Wiley IFRS 2008: Interpretation and Application of International Financial Reporting Standards.


Country	IFRS Status
Argentina	IFRS not currently allowed
Australia	IFRS is currently required
Brazil	Scheduled for adoption in 2010
Canada	Scheduled for adoption in 2011
China	IFRS not currently allowed
Colombia	IFRS not currently allowed
Egypt	IFRS is allowed
France	IFRS required as part of European Union (EU) initiative
Germany	IFRS required as part of European Union (EU) initiative
India	Scheduled for adoption in 2011
Indonesia	IFRS not currently allowed
Italy	IFRS required as part of European Union (EU) initiative
Japan	Scheduled for adoption in 2011
Mexico	IFRS is allowed
Pakistan	IFRS not currently allowed
Philippines	IFRS not currently allowed
Russia	IFRS is allowed
Saudia Arabia	IFRS not currently allowed
Spain	IFRS required as part of European Union (EU) initiative
Thailand	IFRS not currently allowed
United Kingdom	IFRS required as part of European Union (EU) initiative
United States	SEC proposed adoption starting in 2010 to 2014
Venezuela	IFRS required starting 2007

Contact IFRS accounting expert Dr. Barry Epstein, CPA for more information. He can be reached at bepstein@rnco.com or 312-464-3520.

IFRS Country Adoption Status IFRS versus GAAP

IFRS Country Adoption Status
IFRS versus GAAP