U.S. GAAP to IFRS comparisons

The U.S. GAAP to IFRS Comparisons compendium 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). Each chapter in the compendium addresses a specific topic and highlights the significant differences between U.S. GAAP and IFRS.

The April 2026 edition of this compendium has been updated to:

• Reflect the effectiveness and issuance of guidance recently issued by the Financial Accounting Standards Board (FASB) and International Accounting Standards Board
• 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
• Remove differences that we have seen become less prevalent in practice over the past year
• Add a chapter to discuss the significant differences for the equity method of accounting
• Reflect the adoption of recently effective Accounting Standards Updates issued by the FASB

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