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

Paper: SSRN 1674723

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

Complexity vs Empirical Score

• Math Complexity: 3.0/10
• Empirical Rigor: 2.0/10
• Quadrant: Philosophers — conceptual discussion, limited math and data

Why this score: The paper focuses on conceptual underpinnings and policy analysis with minimal mathematical density, lacking the backtesting or empirical implementation required for high rigor.

Research Flowchart

  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"]