Heads Up newsletter on SEC recognition of IFRSs
14 May 2007
We have posted the 14 May 2007 Edition of the Heads Up Newsletter published by Deloitte & Touche LLP (United States).
A recent flurry of activity by the SEC has made it almost certain that the reconciliation requirement will be eliminated – a wake-up call for many involved in financial reporting, including foreign and domestic companies, analysts, standard setters and accountants. Of greater relevance to US companies, the SEC is considering letting US issuers use either IFRSs or US GAAP.... The United States would be following the example of the many other countries that have already accepted IFRSs. |