7/14/2011

Switching to International Financial Reporting Standards poses little benefit to small public companies, according to executives who spoke at an event hosted by the Securities and Exchange Commission. Changing accounting systems would be expensive and would do little to help competition, said Tandy Leather Factory's chief financial officer, Shannon Greene. However, if the SEC is going to implement IFRS, it should do it quickly and not drag out the process, participants at the event said.

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