Roe, Jana - In: European financial and accounting journal : EFAJ 9 (2014) 4, pp. 86-109
technical tax issues related to transition from US GAAP to IFRS include LIFO, leasing, component depreciation, and uncertain tax …When SEC and FASB started considering replacing US GAAP with IFRS, the impact of this change had to be considered by … financial statements, including the Tax Administration, IRS. Since 2009, taxpayers in the U.S. are allowed to use IFRS as a …