Decision expected on SEC Concept Release early in 2002
14 Nov 2001
Speaking in New York on 12 November at the Current Financial Reporting Issues Conference organised by Financial Executives International, John Morrissey, Deputy Chief Accountant of the US SEC, stated that the SEC's review of IAS for filing in the US will be a "hot topic" at the SEC during 2002.
In February 2000, the SEC issued a Concept Release regarding the suitability of IAS for financial statements filed with the Commission.
