SEC Chief Accountant comments on IFRS reconciliation
15 Oct 2004
In his remarks at the IASB meeting with world standard setters on 28 September 2004, US SEC Chief Accountant Donald T.
My personal view is that if things continue as they have been going - if the IASB operates as a strong independent standard-setter and continues to develop and issue high quality standards, if the commitment to quality application of IFRS remains, and if good progress is made in accounting convergence and the development of an effective global financial reporting infrastructure - then I believe that the SEC will be able to eliminate our reconciliation requirements. I assure you that I am eager to embrace IFRS because I believe our investors in the U.S. will benefit. |