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55% of US CFOs unsure of IFRS impact

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04 Aug 2009

A survey has found that 55% of US financial executives are unsure how their companies might be affected by a transition to IFRSs despite indications that the United States will likely adopt IFRSs in the coming years.

The survey was developed by Robert Half Management Resources and conducted by an independent research firm. The survey includes responses from 1,400 chief financial officers (CFOs) from a stratified random sample of US companies with 20 or more employees. CFOs were asked, 'If the United States adopts International Financial Reporting Standards, how familiar are you with how your company will be impacted?' Their responses:
  • Very familiar 8%
  • Somewhat familiar 31%
  • Somewhat unfamiliar 12%
  • Not familiar at all 43%
  • Don't know/no response 6%
Click to Download the Report (PDF 167k), which is titled International Financial Reporting Standards for the United States: Making the Talent Transition. The report includes a table of 'lessons learned from IFRS adoption in other countries' and a transition case study. The report is copyright by Robert Half Management Resources, and we are grateful to them for giving us permission to post it on IAS Plus.

 

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