Barry Jay Epstein, Ph.D., CPA, to Speak on International Financial Reporting Standards.Session at Compliance Week IFRS IFRS International Financial Reporting Standard(s) IFRS Inter Frame Relay Service IFRS Indiana Facilities Registry System Primer to Compare GAAP GAAP See: Generally Accepted Accounting Principles GAAP See generally accepted accounting principles (GAAP). and IFRS CHICAGO -- Forensic and international accounting expert Dr. Barry Jay Epstein, CPA (Computer Press Association, Landing, NJ) An earlier membership organization founded in 1983 that promoted excellence in computer journalism. Its annual awards honored outstanding examples in print, broadcast and electronic media. The CPA disbanded in 2000. , of Russell Novak & Company, will help corporate chief financial officers and other executives, as well as independent auditors, counsel and others having interest in or responsibility for external financial reporting, to understand the differences between International Financial Reporting Standards International Financial Reporting Standards (IFRS) are standards and interpretations adopted by the International Accounting Standards Board (IASB). Many of the standards forming part of IFRS are known by the older name of International Accounting Standards (IAS). (IFRS) and generally accepted accounting principles The standard accounting rules, regulations, and procedures used by companies in maintaining their financial records. Generally accepted accounting principles (GAAP) provide companies and accountants with a consistent set of guidelines that cover both broad accounting (GAAP), as a featured speaker at the IFRS Primer hosted by Compliance Week on October 25, 2007 at the Mayflower Hotel
IFRS have received increasing attention in the US, and have already been adopted by over 100 nations around the world. Dr. Epstein's conference session will compare financial statement presentation in GAAP and IFRS, including income statement and balance sheet preparation, and will explore ways that the two standards diverge when it comes to the treatment of matters such as inventory, research and development costs (R&D), property and equipment, and other requirements. International "accounting convergence" took a step closer to reality in July 2007, when the Securities and Exchange Commission (SEC) issued Release 33-8818 proposing rule amendments that would eliminate the requirement to reconcile financial statements prepared under IFRS to U.S. GAAP. If adopted, this rule will give foreign private issuers a choice of financial reporting options under GAAP or IFRS. Perhaps more significantly, the SEC may consider allowing U.S. companies to file financial statements using IFRS at a future date. IFRS Primer attendees will receive a free copy of Dr. Epstein's book, Wiley IFRS: Interpretation and Application of International Financial Reporting Standards, John Wiley & Sons, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , 2007. About International Accounting Expert Barry Jay Epstein, Ph.D., CPA Dr. Epstein is a partner at the Chicago-based accounting firm Russell Novak & Company, where his work is centered around technical consultation on GAAP, IFRS, and auditing standards, as well as litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. consulting. He is a practicing accountant and expert who works with attorneys extensively in the areas of securities litigation, white collar defense, financial fraud, and accountant's liability. Dr. Epstein is the lead co-author or author of several standard reference works. In addition to Wiley IFRS, now in its 10th edition, he is the lead co-author of Wiley GAAP, now in its 22nd edition, and of the forthcoming Wiley IFRS Policies and Procedures Policies and Procedures are a set of documents that describe an organization's policies for operation and the procedures necessary to fulfill the policies. They are often initiated because of some external requirement, such as environmental compliance or other governmental . He has over forty years of experience as a CPA, having held positions in university teaching, corporate financial management, and public accounting over the course of his career. His recent work as an accounting expert includes numerous assignments for the SEC and other government regulatory agencies, as well as for over 90 private sector litigation matters, often involving merger and acquisition (M&A) disputes or other contractual issues. More information is available at http://www.rnco.com/internationalaccountant.html. IFRS Primer conference details are available at http://conference.complianceweek.com/ifrs/. |
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