This study involves an investigation of the current state of IFRS education and training in the United States as well as a comparison of the current and future needs in the industry. The study sought to establish that universities needed to increase their IFRS coverage in order to meet industry demands. Mentioned as an item in need of further research in several IFRS-related articles, this information provides valuable insights to academia, students, and financial professionals for their academic planning.
Through research and interviews with professionals and professors in finance and accounting, the study reveals a multidimensional perspective on IFRS education and training in the United States. The research also includes an analysis of students’ and professionals’ desire to advance their knowledge in the subject area, as well as industry opinions on what IFRS knowledge is needed for different levels of financial careers and responsibilities. The study overall explores the implications of IFRS on accounting education programs as a whole as well as the change that is needed to address the growing influence of the international standards on the United States financial community.