SEC: Comment deadline for accounting standards approaches

Public input is due Oct. 18 regarding international financial reporting standards for U.S. companies. Specifically, the SEC is requesting comment 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 its potential implementation. For more information, click here.

Related Topics: Regulatory Moves