1. IFRS Abandon Ship or Smooth Sailing Ahead? Neal J. Hannon AAA Interactive Data Associates Stamford, CT 203-274-6806 [email_address]
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3. More than 100 countries, including the members of the European Union and much of Asia, have already adopted and implemented IFRS. Israel is adopting IFRS this year, with Chile and South Korea set for 2009, Brazil for 2010, and Canada for 2011.
10. Use of IFRSs Around the World Today, IFRSs are used by listed companies in over 100 jurisdictions For domestic listed companies: Number of Jurisdictions IFRSs required for all 85 IFRSs required for some 4 IFRSs permitted 24
11. Use of IFRSs Around the World Today, IFRSs are used by unlisted companies in over 80 jurisdictions For domestic unlisted companies: Number of Jurisdictions IFRSs required for all 28 IFRSs required for some 20 IFRSs permitted 36
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17. US vs. the World? The stated objective of the 2002 “Norwalk Agreement” between FASB and the IASB is the development of high quality, compatible accounting standards that could be used for both domestic and cross-border financial reporting. Clearly, this approach says let’s make both sets of standards better, not choose one set over the other.