Transition to International Financial Reporting Standards (IFRS) in the Americas

In the last few decades, the global markets have experienced an intense transformation in their development, covering the financial system as well. This transformation has been characterized by more competition, a growing interaction among capital markets and financial intermediaries, as well as increased innovation in financial products and technologies. This group of characteristics has led to an international level consensus regarding the need to obtain high quality financial information that is comparable, coherent, and transparent.
(Texto en inglés)