IFRS, US GAAP, Indian GAAP, SOX -- A Compilation

The book is not meant to be a treatise on IFRS which probably explains the word compilation in the title. The book has been divided into eleven chapters. Chapter 1 gives an overview of IFRS and also summarises all IASs’ and IFRS. Chapter 3 elaborates on the significant differences between Indian GAAP and IFRS while Chapter 4 deals with differences between IFRS and US GAAP. Chapter 5 explains the draft IFRS for SMEs. Chapter 6 gives extracts from published accounts of leading international companies who have adopted IFRS. Chapter 7 gives summaries of statements of the International Financial Reporting Interpretation Committee and SIC. Chapters 8 to 10 deal with PCAOB — Accounting Standards and SOX. Chapter 11 throws light on the progress made in the convergence of IFRS in the international sphere.