What's New With SEC's IFRS Roadmap?
We told you on February 8 that SEC Chairman Christopher Cox announced that day: “In 2008, the Division of Corporation Finance and the Office of the Chief Accountant… will formally propose to the Commission an updated "roadmap" that lays out a schedule, and appropriate milestones on which the schedule will be conditioned, for continuing the progress that the United States is making in moving to accept IFRS in this country.”
What’s new with the SEC’s roadmap in which it will consider permitting – or requiring – U.S. companies to file in IFRS? The most recent remarks posted on the SEC website touching on this topic – a speech by Commissioner Paul S. Atkins on March 3, 2008 to the Institute of International Bankers - indicate the SEC is still in the process of considering comments submitted on its August, 2007 Concept Release on this subject.
Meanwhile, two magazines have excellent cover stories on IFRS this month.
And, FEI is hosting a conference on June 5, 2008 in NYC entitled: "The World Is Moving To IFRS-Are You?" BNA Tax & Accounting is the exclusive sponsor of the conference.
Read more on these IFRS-related developments here.
Posted by Edith Orenstein, FEI Financial Reporting Blog, April 7, 2008.