Global Accounting Convergence and the Potential Adoption of IFRS by the U.S. (Part I): Conceptual Underpinnings and Economic Analysis

ArXiv ID: ssrn-1674723 “View on arXiv”

Authors: Unknown

Abstract

This article is Part I of a two-part series analyzing the economic and policy factors related to the potential adoption of IFRS by the United States. In this pa

Keywords: IFRS Adoption, US GAAP Convergence, Accounting Standards, Regulatory Policy, Financial Reporting, Corporate Accounting / Policy

Complexity vs Empirical Score

• Math Complexity: 3.0/10
• Empirical Rigor: 2.0/10
• Quadrant: Philosophers
• Why: The paper focuses on conceptual underpinnings and policy analysis with minimal mathematical density, lacking the backtesting or empirical implementation required for high rigor.

  flowchart TD
    A["Research Goal: Analyze economic and policy factors for potential US adoption of IFRS"] --> B["Methodology: Conceptual & Economic Analysis"]
    B --> C["Data/Inputs: US GAAP vs. IFRS standards, Regulatory history, Economic cost-benefit data"]
    C --> D{"Computational Process: Comparative analysis of convergence vs. full adoption"}
    D --> E["Key Outcome 1: Trade-offs between standard-setting authority and global consistency"]
    D --> F["Key Outcome 2: Economic analysis suggests adoption is viable but costly"]