Separately, in announcing the formation of the KPMG IFRS Institute, KPMG Chairman & CEO Tim Flynn stated: "The question about whether the world is going to global standards is no longer ‘if,’ but ‘when.’"
Flynn added, "The Securities and Exchange Commission (SEC) is expected to issue a rule proposal in the next few weeks outlining the manner, timing, and eligibility for some U.S. public companies to transition from U.S. Generally Accepted Accounting Principles (GAAP) to IFRS."
There are a number of conferences coming up to learn more about IFRS, including FEI's June 5 conference in NYC: "The World Is Moving To IFRS-Are You?" A keynote will be provided by SEC Corp Fin Director John white on the status of related SEC rulemaking. Space is limited, registration info, agenda and speakers are listed here: www.financialexecutives.org/ifrs .
See further details on the above topics here.