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Nearly 90% view IFRS adoption in USA as 'likely'

  • IFRSs in the USA Image

14 Sep 2009

89% of 245 financial executives who responded to a July 2009 Deloitte survey said that their companies viewed mandatory IFRS conversion in the United States to be highly likely or somewhat likely.

And 80% of the companies are already taking action – with 40% having already performed a high-level IFRS assessment and another 40% planning to do so in the next one to two years. These results, compared to trends reported by Deloitte in April 2009, are a strong indication that attitudes and dynamics around IFRSs are changing in the US. In addition, 67% of the companies have designated a person or team to focus on IFRSs or monitor IFRS developments. Only 20% of the respondents indicated they have no plans to perform IFRS assessment activities. Click to download:

 

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