AICPA statement on SEC IFRS work plan
Feb 26, 2010
The American Institute of CPAs has issued a Statement on the Securities and Exchange Commission's Commission's Endorsement of a Plan to work toward incorporation of IFRSs in the US financial reporting system.
The AICPA believes that it is critical for the SEC to set a date certain for use of IFRS in the U.S. and we urge the commission, as it completes this work plan in 2011, to ensure investor confidence is maintained and key milestones lead successfully to global standards in 2015.
Click to view the AICPA statement on the SEC IFRS work plan.