Why is fair value critical to U S GAAP and IFRS and how do they differ in the application of fair value ...

The objective of a fair value measurement is to determine t ...

Why is fair value critical to U.S. GAAP and IFRS and how do they differ in the

Question:

Why is fair value critical to U.S. and IFRS and how do they differ in the application of fair value?

GAAP
Generally Accepted Accounting Principles (GAAP) is the accounting standard adopted by the U.S. Securities and Exchange Commission (SEC). While the SEC previously stated that it intends to move from U.S. GAAP to the International Financial Reporting Standards (IFRS), the...