TITLE

SEC Launches International Accounting Roadmap

AUTHOR(S)
Morgan, John
PUB. DATE
December 2008
SOURCE
Money Management Executive;12/1/2008, Vol. 16 Issue 46, p1
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the launch of an international accounting roadmap by the U.S. Securities and Exchange Commission. The roadmap is designed to be used in facilitating the switch of all companies in the country from the rule-based U.S. Generally Accepted Accounting Principles (GAAP) to the principle-based International Financial Reporting Standards (IFRS). The proposed roadmap, which is described as cautious and careful, has also indicated seven milestones to be reached by 2011.
ACCESSION #
35650236

 

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