Accounting practices differ between France and the United States. Financial statements are formatted similarly on the surface, but when one investigates further, they quickly realize that the contents of the statements are very different. Also, the laws and regulations in France require different practices than are required in the United States. However, the two are becoming more similar with the influence of the IFRS, which creates the accounting laws for the world. A lot of changes have presented themselves during the 21<sup>st</sup> century in France, specifically with stronger monitoring and technology. The accounting practice is not perfect, but the system that enables change encourages a much stronger practice in the future.