Deloitte has issued a new white paper that provides information to chief financial and information technology officers, senior finance leaders and other corporate executives regarding the adoption of International Financial Reporting Standards (IFRS) for the technology sector.

The paper, seventh in a series launched by Deloitte, is particularly timely given the Securities and Exchange Commission's recently proposed IFRS Roadmap to mandatory adoption of IFRS and proposed rule changes that would allow certain U.S. companies the option to prepare and issue financial statements using IFRS.

Each of the Deloitte IFRS whitepapers provides an overview of the key impacts of IFRS implementation: technical accounting, process and statutory reporting, technology infrastructure and organizational issues and examines specific potential differences when converting to IFRS from U.S. GAAP.

International Financial Reporting Standards for the Technology Industry