Accounting in the US
Up-to-date information and background knowledge can help support and grow your business internationally. On this page you can access articles, books and online resources providing useful links to accounting standards, GAAP comparisons and other guides.
Some features on this page link to licensed products and are only available to logged-in members and students.
The Library provides full text access to a selection of key business and reference eBooks from leading publishers. eBooks are available to logged-in ICAEW members, ACA students and other entitled users.
Revenue recognition: understanding and implementing the new standard
Provides an overview of the new revenue recognition standard and step-by-step instructions for finance professionals navigating through the new model, with numerous examples along the way. Offers a full explanation of over forty topics superseded by the new standard. The book includes digital ancillaries featuring measurement tools and GAAP and IFRS disclosure checklists.
US GAAP 2016: interpretation and application of Generally Accepted Accounting Principles
A single-volume reference guide to the entire US GAAP hierarchy. This new edition includes updates to the standards, along with AICPA and SEC statements of position and a comprehensive cross-reference of accounting topics to the new FASB codification system. Each chapter includes a discussion of perspectives and issues, sources of GAAP, definitions, concepts, rules, and examples. This useful guide contains numerous examples and illustrations. A disclosure checklist for the financial statements of a commercial business enterprise is included in the appendices.
Ultimate accountants' reference: including GAAP, IRS and SEC regulations, leases, and more, The
General reference work on accounting from an American perspective. Includes sections on the role and nature of accounting, international financial reporting standards and regulations (including GAAP), the Securities and Exchange Commission, and general financial management. Also features chapters on related topics such as mergers and acquisitions, bankruptcy, and taxation.
individual publishers. Please see individual
The ICAEW Library & Information Service offers a wide range of material on US GAAP which can be accessed through the website and the enquiry service. To find out more about the resources available take a look at our dedicated US GAAP resources page.
Local accounting standards are developed and set by:
Financial Accounting Standards Board (FASB)
FASB sets accounting standards for public and private companies and not-for-profit organizations. The standards issued by the FASB are recognized as authoritative by the Securities and Exchange Commission (SEC)
Governmental Accounting Standards Board (GASB)
GASB sets the accounting standards for state and local governmental entities.
Federal Accounting Standards Advisory Board (FASAB)
FASAB sets the accounting standards for federal governmental entities.
Accountancy associations and groups
The AICPA provides a comprehensive directory of state CPA links.
Two of the largest state societies are:
Accounting Education has compiled a detailed collection of CPA requirements by state.
US GAAP versus IFRS: The basics
Latest edition of the comparison guide from EY, published December 2015.
IFRS compared to US GAAP
Guide published by KPMG in December 2015.
IFRS and US GAAP: Similarities and differences
Updated version of PwC's detailed guide, published in September 2015.
IFRS, US GAAP and Mexican FRS: similarities and differences
Summary published by PwC in 2009.
Principi Contabili Internazionali: Analogie e Differenze: IFRS, US GAAP e Principi Italiani
Guide published by PwC in 2008 to similarities and differences between IFRS, US GAAP and Italian accounting standards. This publication is only available in Italian.
IPA annual firm rankings
Inside Public Accounting, the US accounting publication, conducts an annual survey of firms and produces a national benchmarking report showing the top 100, 200 and 300 accounting firms in the US. An archive of past rankings is available back to 2009.
Service from EY providing US technical accounting guidance with links to briefings, news updates and analysis.
Summary and timeline from Deloitte's IAS Plus service. The summary covers the status of current convergence projects and scope of the project as a whole.
ICAEW contact members
Contact member in the USA
ICAEW’s network of Contact Members around the world are a point of contact for enquiries and act as ambassadors in promoting ICAEW's strategy and brand in each region.
Use of IFRS standards by jurisdiction: United States
Country profile prepared by the IFRS Foundation with notes on the extent of IFRS application, relevant jurisdictional authority, IFRS endorsement and translation of standards.
Articles and books in the Library collection
Each selected book features specific accounting information on this country; click on the links for more details. Alternatively, contact us if you have a particular enquiry or need further help consulting these titles.
International Corporate Procedures
LS Sealy et al (eds.)
This regularly updated database includes information on tax and accounting and features model company accounts. The model accounts are presented in the standard format for each country with original language and English language versions presented together. Contact us to request documents from the database.
Kurt S Schulzke (ed.)
Each country entry contains sections on the framework of accounting (including the regulatory and standard setting regimes), individual accounting topics, auditing and appendices which can include commonly used terms and acronyms and example financial statements. This is a regularly updated looseleaf reference work in three volumes.
Find more resources
To find out how you can borrow books from the Library please see our guide to book loans. You can obtain copies of articles or extracts of books and reports by post, fax or email through our document supply service.
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