Friday, August 22, 2008

SEC Roadmap to IFRS : Discussion August 27

The FEI US Financial Reporting Blog reported the following today:

The SEC posted a Sunshine Act Notice this afternoon announcing it will deal with the question of proposing an IFRS Roadmap at an open commission meeting on Wed. Aug. 27. Specifically, the Notice states:
“The Commission will consider whether to propose a Roadmap for the potential use by U.S. issuers for purposes of their filings with the Commission of financial statements prepared in accordance with International Financial Reporting Standards ("IFRS") as issued by the International Accounting Standards Board. As part of the Roadmap, the Commission will also consider whether to propose amendments to various rules and forms that would permit early use of IFRS by a limited number of U.S. issuers.”

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