A survey of executives at U.S. companies found that many would prefer to have the option to transition to international accounting standards sooner rather than later, if the Securities and Exchange Commission decides to require IFRS for U.S. public companies. "Many U.S. companies with subsidiaries around the world are already using IFRS for statutory reporting. For them, having the option to synchronize it all up front at the U.S. company is a positive," said Janice Patrisso of KPMG.

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