Significant Differences in GAAP in Canada, Chile, Mexico, and the United States

Order information Product Number 01530004 Price: $40.00 Order Form Phone: +1 (416) 977-0748 Staff contact David Moore, CA research.studies@cica.ca

Executive summary

Project objective
Significant Differences in GAAP in Canada, Chile, Mexico and the United States is sponsored by the American Free Trade Agreement (AFTA) Committee for Cooperation on Financial Reporting Matters. The objective is to identify differences among accounting standards in Canada, Chile, Mexico and the United States with a view to:

identifying areas where progress might be made in harmonizing accounting standards; and providing users of financial statements with information that would enhance their ability to compare business enterprises.

Originally published in 1995 as an Appendix to the Joint Study Financial Reporting in North America, this publication (now in its fourth edition) provides an updated analysis of accounting pronouncements in the four countries as of October 2002. The position of the IASB on issues identified is also included. Representatives from each of the four countries undertake responsibility for the material relating to standards and other authoritative pronouncements issued in their country. The English edition is published by CICA and the Spanish edition by the Instituto Mexicano de Contadores Públicos A.C.