Ask. Share. Get Work Done.™
register now and join thousands of other Corporate Finance, Accounting, and Treasury professionals. Learn more about Proformative.
The information contained herein is for informational purposes only and is not legal, tax, financial nor other professional advice or counsel. For more information please see the website’s User Agreement and Disclaimer. By participating in the discussion boards or using the services provided on this Site, you are confirming that you have read and agreed to the terms of the User Agreement and Disclaimer, as well as Proformative's Privacy Policy and Copyright Policy.

SEC on IFRS: Not So Fast......article from CFO.com

User's Picture
Posted Wed, 03/03/2010 - 8:22pm by (CA, CPA, CFA)

Details

http://cfo.com/article.cfm/14478612/c_14479673?f=archives&origin=archive
The Securities and Exchange Commission has extended its time line for requiring U.S. publicly traded companies to apply international financial reporting standards to their financial statements: the earliest that U.S. companies may be able to use IFRS is now 2015. The deadline in the SEC's original "roadmap" was 2014, although some large companies could have prepared their U.S. filings with IFRS this year (that option has been discarded).  

Are you starting to have preliminary meetings within your accounting departments to start determining the impact of IFRS on your organizations?  Thoughts?
 
0 out of 0 members found this useful
Did you find this post useful?: Yes No
  • IFRS
  • SEC and IFRS
  • 45 reads