IASB Chairman discusses the future of financial reporting
10 Mar 2011
In a speech to the US Chamber of Commerce, IASB Chairman Sir David Tweedie discussed his vision for the future of financial reporting, which "includes IFRSs as the common basis of financial reporting for listed companies throughout the world, including the United States".
We all know that there cannot be a global system without US acceptance of IFRSs. This is an objective that I have been fully committed to over the past ten years. I would like to make the case today on the pressing need for the United States to commit itself this year to a clear, defined, and workable timetable for the incorporation and use of IFRSs, as published by the IASB. |
Click for the full text of Sir David Tweedie's speech (link to IASB website).