PCAOB will discuss audit implications of IFRS filings
15 Oct 2007
The Standing Advisory Group of the US Public Company Accounting Oversight Board will meet Thursday, 18 October 2007 in Washington.
At the meeting, the group will address, among other things, the potential audit implications of the Securities and Exchange Commission's recent proposed rules and concept release regarding the use of International Financial Reporting Standards (IFRSs). The SEC's proposed rules would allow foreign private issuers to file with the SEC financial statements prepared in accordance with IFRSs, as published by the International Accounting Standards Board, without a reconciliation to US generally accepted accounting principles. The SEC's concept release seeks comment on whether US issuers should also be allowed to file financial statements prepared in accordance with IFRSs, as published by the IASB. Click for:
