# IFRS dialects

- Canonical URL: https://www.gerhardmerk.de/ifrs-dialects
- Post ID: 595010
- Modified: 2023-07-25T21:00:14+00:00
- Language: en

## Definition

The fact that the accounting rules established by the International Accounting Standards Board (full IFRS) have been amended by the authorities of individual countries, in some cases making them more stringent or adapting them to the specific circumstances of a country. In the EU, EU-IFRS are considered mandatory. - Companies operating worldwide require uniform rules to ensure their global competitiveness. This is the reason for the demand for the application of a single system that is applied equally in all countries and is also recognized by all supervisory authorities. The current situation is widely regarded as unsatisfactory, especially since the US Securities and Exchange Commission recognizes financial statements prepared in accordance with full IFRS, but not those prepared in accordance with IFRS dialects. - See Valuability, Generally Accepted Accounting Principles, Enforcement Process, German Finish, International Financial Reporting Standards, IFRS, Framework, Uniform, Swiss Finish. - See BaFin's 2006 Annual Report, p. 56 ff. (reconciliation of IFRS with GAAP), BaFin's 2007 Annual Report, p. 64 f. (foreign issuers may present IFRS financial statements in the U.S. without reconciliation to GAAP), and the respective BaFin Annual Report, chapter "International." Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent! University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec. Professor Dr. Eckehard Krah, Dipl.rer.pol. E-mail address: info@ekrah.com https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk https://www.jung-stilling-gesellschaft.de/merk/ https://www.gerhardmerk.de/

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