Heads Up on the SEC's plan for IFRSs

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27 Feb 2010

The latest Heads Up newsletter from Deloitte (United States) discusses the SEC's recently released Statement (a) expressing its strong commitment to the development of a single set of high-quality globally accepted accounting standards and (b) directing the SEC staff to execute a 'Work Plan'.

The Work Plan sets out a detailed set of due diligence activities that the SEC staff will perform to provide the Commission with the information it needs to make a determination of whether, when, and how to incorporate IFRSs into the US financial reporting system. Click to titled Download the Heads Up Newsletter titled The Road to IFRSs Is Under Construction (PDF 144k).


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