SEC to refocus on IFRS roadmap-official | Reuters

SEC to refocus on IFRS roadmap-official Reuters

Thu Sep 17, 2009 11:51am EDT

Excerpts:

NEW YORK (Reuters) - The U.S. Securities and Exchange Commission will make it a priority in the coming months to refocus on a proposed roadmap to move U.S. companies to international accounting standards, a top agency official said on Thursday.

"Turning back to the roadmap will be an important priority for us this fall," Jim Kroeker, the SEC's new chief accountant said in remarks to a New York State Society of CPAs conference in New York.

Last November, in one of the last major projects of the SEC under former Chairman Christopher Cox, the SEC staff released a proposed roadmap that would have U.S. companies filing financial results under International Financial Reporting Standards, or IFRS, by 2014, with the option for some companies to adopt the rules earlier.

Read Full Article: http://www.reuters.com/article/ousiv/idUSTRE58G4BJ20090917

***********************************************************************
http://dreamlearndobecome.blogspot.com This posting was made my Jim Jacobs, President & CEO of Jacobs Executive Advisors. Jim also serves as Leader of Jacobs Advisors' Insurance Practice.