The International Financial Reporting Standards (IFRS) Working Group delivers tactical guidance for the transition from U.S. Generally Accepted Accounting Principles (U.S. GAAP) to IFRS, and its members are the executives at RILA companies who are personally responsible for overseeing and carrying out this transition. The IFRS Working Group holds quarterly retailer-led conference calls to discuss issues of concern, share best practices for handling the transition and brainstorm solutions for common problems.