Official: U.S. takes risk by not adopting IFRS

05/13/2009 |

The U.S. will be "the outlier" unless it adopts International Financial Reporting Standards within five years, according to International Accounting Standards Board member John Smith. "Those countries already adopting and committing themselves to IFRSes will not accept a situation where the United States remains outside the system indefinitely, yet has a seat at the table," he said.

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