Comments about the Securities and Exchange Commission's staff paper on U.S. adoption of International Financial Reporting Standards have stalled as people wait for results of the presidential election, said Terri Polley, president and CEO of the Financial Accounting Foundation. "Everyone is watching what's going to be happening in Washington to this election and what happens to the composition of the SEC," she said. Read the AICPA's statement on the report, supporting optional adoption of IFRS by public companies.

Related Summaries