Preface
We are pleased to present the 2023 edition of Comparing IFRS
Accounting Standards and U.S GAAP: Bridging the Differences. This Roadmap
provides an overview of the most significant differences between U.S. GAAP and
IFRS® Accounting Standards — two of the most widely used accounting
standards in the world.1 The 2023 edition includes updated and expanded guidance that reflects
standards effective as of January 1, 2024. Appendix D highlights substantive revisions to
previous content.
Be sure to
check out On the Radar (also available
as a stand-alone publication), which
briefly summarizes emerging issues and trends related to the
accounting and financial reporting topics addressed in the
Roadmap
We hope you will find this Roadmap to be a useful resource in
comparing IFRS Accounting Standards and U.S. GAAP, and we welcome your suggestions for improvements to
it. If you need assistance applying the guidance or have other questions about this
topic, we encourage you to consider consulting our technical specialists and other professional
advisers.
Footnotes
1
For the full titles of standards, topics, and regulations
used in this publication, see Appendix B. For a list of
abbreviations used in this publication, see Appendix C.