Updated U.S. GAAP vs. IFRS guide

An updated edition of our U.S. GAAP to IFRS Comparisons guide is now available. The guide is designed to provide an overview of the significant differences between U.S. generally accepted accounting principles (GAAP), excluding private company accounting alternatives, and International Financial Reporting Standards (IFRS), excluding IFRS for Small and Medium-Sized Entities.

The December 2024 edition of our guide has been updated to:

• Provide additional detail and context for some of the differences noted
• Add additional differences that we have seen become more prevalent in practice over the past year
• Reflect the adoption of recently effective Accounting Standards Updates issued by the Financial Accounting Standards Board