SEC staff describe why a country would adopt IFRS

12/4/2012 | Compliance Week

The Securities and Exchange Commission still does not have a timeline for deciding whether to adopt International Financial Reporting Standards, but SEC staff offered some insight at the AICPA's national regulatory conference into why countries make a switch to IFRS. Paul Beswick, the SEC's acting chief accountant, said the IFRS is possibly the most significant accounting consideration the agency has dealt with since the 1930s.

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