By Edith Orenstein, FEI Financial Reporting Blog - SEC Corp Fin Director John White told FEI’s IFRS conference earlier today (June 5) that the SEC is working on the IFRS roadmap –"it is not one of those back burner projects – it’s happening.” Noting that confirmation hearings for three new Commissioners took place earlier this week, he emphasized “there will be five people voting – we have to get everybody in place” before proceeding on this major initiative.
Separately, White noted that the SEC will be posting, possibly as early as today, a paper describing how to deal with the Corp Fin review process.
FEI hosted the conference, and BNA Tax and Accounting was the exclusive sponsor. Also at today's conference, FEI announced the formation of a new national coalition, the Corporate Roundtable on International Financial Reporting (CRIFR), of which it is a charter member.
Read more highlights from the conference here.