Thursday, November 6, 2008

Is publication of the SEC Roadmap imminent?

An article in today's Accountancy Age by Gavin Hinks states that the SEC will publish its Roadmap to IFRS this week. Roadmap imminent as Cox mounts charge towards IFRS notes that the SEC will put this proposal in place before the new US administration in the US installs a new Chairman.

We have been on SEC watch since August this year when the SEC announced the contents of a proposed Roadmap to IFRS conversion in the USA. I am awaiting its publication eagerly - there is only 2 days left in "this week".

The CFO magazine reported last week that John Nester, an SEC spokesman, told that the timetable should be published next (this) week. Looks like it's coming folks!

The document will still be a "proposal"and will be published in the Federal Register with a request for comments. They are likely to get several comments.

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