It has been over ten months since the Securities and Exchange Commission (SEC) released its IFRS work plan. Since then, we received a progress report in October. The SEC is taking a well-advised, methodical approach to making its decision on IFRS in the U.S.
Generally speaking, the debate over IFRS in the U.S. has been whether or not the SEC should permit or require a switch to IFRS for U.S. public companies. At the AICPA’s National Conference on Current SEC and PCAOB Developments in December, SEC Deputy Chief Accountant Paul Beswick offered another approach – which he called “condorsement.”
היה ב-IFRS Blog: IFRS Adoption, Convergence or Endorsement?.