SEC: Comment sought regarding accounting standards
The SEC is seeking public comment pertaining to International Financial Reporting Standards for U.S. companies.
The SEC is seeking public comment pertaining to International Financial Reporting Standards for U.S. companies. Specifically, the agency is requesting input on three topics: U.S. investors’ current knowledge of IFRS and their preparedness for incorporating such standards into the U.S. financial reporting system; how investors educate themselves about accounting standards; and the logistics and time necessary to ensure investors are aware of IFRS before their potential implementation. Comments are due Oct. 18. For more information, click here.
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