U.S. GAAP to IFRS Conversion – Preparing for the Change

The SEC has published a roadmap for moving to International Financial Reporting Standards (IFRS) from U.S. Generally Accepted Accounting Principles (GAAP). It is expected that the SEC will allow for a lengthy conversion period to allow companies to absorb the standards and avoid the difficulties experienced from the Sarbanes-Oxley Act compliance.

This new training, a one-day seminar is designed for CFO’s, CAO’s CAE’s, controllers, audit committee members, finance managers, CPAs, auditors and information technology managers. The seminar will provide guidance to prepare for a smooth transition to IFRS. Changing to IFRS is not a revolution but a global standardization to move from a rules-based financial reporting standard to one that is principles-based.

This seminar focuses on scoping, planning for the conversion and beginning the education process on IFRS. In subsequent workshops we will address in increasingly greater detail other aspects of the conversion, with more specific guidance on issues as they become relevant to the timing of the conversion. Learn how to chart a course to IFRS without breaking your budget, and how to use the conversion to better understand your internal controls over financial reporting.

Cost of this seminar is $650/Attendee. Each attendee will receive 8 hours of CPE credit. To reserve your space click on the Sign-up Now and fill out a registration form and use a Buy Now Button to pay the fees.

 Upcoming U.S. GAAP to IFRS Conversion Seminars

Benefits of Attending

Compliance Seminars expects the conversion to IFRS for U.S. issuers to impact a wide range of functions of the enterprise, including accounting policy, financial reporting, internal controls, employee education, human resources, tax accounting, information technology applications, internal audit, management monitoring, and Board of Director oversight. This coming transformation from U.S. GAAP to IFRS will require a coordinated effort that should be led by the corporate accounting function to help ensure the development of a comprehensive and consistently applied conversion.

This seminar will start the planning and education process which will contribute to an effective and efficient conversion effort.

- Start the learning curve for moving from U.S. GAAP to IFRS.
- Overview the major technical differences between the standards.
- Position for planning for the conversion to IFRS reporting.
- Understand how to Integrate the conversion activities into existing internal control test work.
- Begin the process of scoping the level of effort and resource requirements.

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Seminar Highlights

Every senior financial officer of a SEC regulated issuer needs to understand the impact of globalization and that the:

- SEC concluded that the complexity of U.S. GAAP does not provide an effective and efficient platform for reporting to shareholders.
- U.S. GAAP and IFRS convergence will not be accomplished.
- SEC will be setting dates for reporting under IFRS.
- Organization-wide adoption of IFRS will provide benefits to multinationals.
- Management of the conversion will be a major accounting and information technology event.

This seminar will start the process of knowledge transfer and planning to accomplish the US GAAP to IFRS conversion. With well-planned transition steps, the issuer of securities will be able to accomplish the transition with minimal disruptions and significantly reduce the risk of accounting misstatements.

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Learning Objectives

- Attendees will understand the similarities and differences between the GAAP and IFRS standards.
- Attendees will learn the details behind the convergence of U.S. GAAP and IFRS.
- Attendees will discuss how to address the initial conversion to IFRS.
- Attendees will identify methods for controling the scope of the conversion efforts.

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Key Issues on the Agenda

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