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SEC extends comment period on IFRS roadmap

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05 Feb 2009

The US Securities and Exchange Commission has added another 60 days to the comment period on the release proposing a roadmap for the potential use, by domestic US registrants, of International Financial Reporting Standards as issued by the International Accounting Standards Board.

The original comment deadline of 19 February 2009 has now been changed to 20 April 2009. The extension of the comment period is a result of requests received by the SEC to help improve the potential response rate and quality of responses to the proposal. The proposed roadmap sets forth milestones that, if achieved, could lead to the required use of IFRS by US issuers by 2014 if the Commission believes it to be in the public interest and for the protection of investors, with some large issuers permitted to use IFRSs even earlier. Click for:

 

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