IFRS compared to US GAAP: An overview

IFRSIFRS compared to US GAAP:An overviewNovember 2014kpmg.com/ifrs

KPMGs Global IFRS InstituteKPMGs Global IFRS Institute provides information and resources to help board and audit committee members gain insight and access thought leadership about the evolving global financial reporting framework.Whether you are new to IFRS or a current user of IFRS, you can find digestible summaries of recent developments, detailed guidance on complex requirements, and practical tools suchas illustrative financial statements and checklists.For a local perspective, IFRS resources are also provided by KPMG member firms from around the world, including the United States.kpmg.com/ifrs