04-28-2008, 10:19 PM
Well Mr. Amir,
Whether you agree or not but it does create a difference whether you are trained in IFRS compliant environment or US GAAPs. These are the two main reporting frameworks with some differences although they are now moving towards convergence.
In Big Four firms outside Pakistan, you can find separate divisions for audit clients reporting under IFRS and those reporting under US GAAPS with separate staff, Supervisors and Managers.
However, there are people with successful transition from one framework to another.
Whether you agree or not but it does create a difference whether you are trained in IFRS compliant environment or US GAAPs. These are the two main reporting frameworks with some differences although they are now moving towards convergence.
In Big Four firms outside Pakistan, you can find separate divisions for audit clients reporting under IFRS and those reporting under US GAAPS with separate staff, Supervisors and Managers.
However, there are people with successful transition from one framework to another.
