AICPA comments on SEC's proposed IFRS road map

04/10/2009 | JournalofAccountancy.com

The AICPA sent a comment letter to the Securities and Exchange Commission on Thursday regarding the SEC's proposed IFRS road map. While expressing support for unified, high-quality, global accounting standards for public companies, the AICPA urged the SEC to: implement recommendations related to the use of professional judgment made by the SEC's Advisory Committee on Improvements to Financial Reporting, minimize dual-recordkeeping requirements and expand early adoption of IFRS to include smaller companies. Read the AICPA comment letter.

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