IFRS: The Right Move Toward Convergence -- What IFRS Will Mean to Tax Executives

The question appears to no longer be "if," but "when" -- when will the U.S. join the rest of the developed world in adopting International Financial Reporting Standards (IFRS), as issued by the International Accounting Standards Board (IASB).

The conversionn to IFRS will have a pervasive impact on today's global tax function... and the involvement of tax professionals is important at every state of the IFRS conversion process.

Read the document by PricewaterhouseCoopers.