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international financial reporting, U.S. GAAP, IFRS, tax


Accounting | Corporate Finance | Taxation


Through factual research and company analysis, this paper examines the effects that a convergence among United States Generally Accepted Accounting Principles and International Financial Reporting Standards will have on income taxes through not only the assessment of the differences between the two income tax accounting standards, but also various significant differences among the two GAAPs that will affect the bottom line of a company. The goal of this paper is to add to the understanding of how a convergence among U.S. GAAP and IFRS will affect the gap between what a company reports as income to investors through financial statements, and what companies report as income for tax purposes.

Department 1 Awarding Honors Status


Creative Commons License

Creative Commons Attribution-Noncommercial 4.0 License
This work is licensed under a Creative Commons Attribution-Noncommercial 4.0 License