US Chamber Backs IFRS,Calls for Fairness in US Legal, Regulatory, Enforcement Process;CFO Optimism Drops Amid Recession Concern

Posted by accountingweb on Mar 26 2008 983 printer friendly

In a report issued today (March 26) in conjunction with its Second Annual Capital Markets Summit, the U.S. Chamber of Commerce reiterated its support for adoption of International Financial Reporting Standards (IFRS) in the U.S., and renewed its call to “restore fairness to legal, regulatory, and enforcement processes.” As we noted yesterday, U.S. Treasury Secretary Henry M. Paulson is scheduled to give a keynote address on the U.S. economy later today at the Chamber program, and observers are watching to see if he will give a status update on Treasury’s Blueprint to modernize the regulatory structure.

In other news relating to the economy, FEI and Baruch College announced the results of their first quarter 2008 CFO survey today.

Read more about the above items here.

Posted by Edith Orenstein, FEI Financial Reporting Blog, March 26, 2008.

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FEI Financial Reporting Blog provides highlights from SEC, PCAOB, FASB, IASB, and other regulatory news, including reporting under Sarbanes-Oxley Sect 404. It is written by Edith Orenstein, Director of Technical Policy Analysis at FEI

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