Working Papers

International Financial Reporting Standards (IFRS) versus US Generally Accepted Accounting Principles (GAAP): Annual Reports Comparison

Maria Ibanez, Marquette University

Abstract

This paper checks the compliance with International Financial Reporting Standards (IFRS) by ESCADA and compares how clear and comprehensive reporting is for each of the areas covered by the IFRS with how a domestic company, Polo Ralph Lauren, reports under US Generally Accepted Accounting Principles (GAAP).



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