TITLE

New SEC Convergence Statement Extends Potential Deadline

AUTHOR(S)
Barlas, Stephen
PUB. DATE
April 2010
SOURCE
Strategic Finance;Apr2010, Vol. 91 Issue 10, p21
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The article reports on the February 24, 2010 policy statement released by the U.S. Securities and Exchange Commission concerning the U.S. Generally Accepted Accounting Principles (U.S. GAAP) and the International Financial Reporting Standards (IFRS). The expected deadline for businesses to comply with the convergence of U.S. GAAP and IFRS is 2015 or 2016.
ACCESSION #
48906758

 

Related Articles

  • IFRSing in the USA.  // Chartered Accountants Journal;Feb2012, Vol. 91 Issue 1, p80 

    The article discusses U.S. accounting standards. The possible adoption of International Financial Reporting Standards (IFRS) by the U.S. Securities & Exchange Commission (SEC) instead of the Generally Accepted Accounting Principles (GAAP) previously used is considered. It is noted that an...

  • SEC Proposes Roadmap for U.S. Issuers to Switch to IFRS.  // Venulex Legal Summaries;2008 Q4, Special section p1 

    The article announces a roadmap published by the U.S. Securities and Exchange Commission (SEC) on November 14, 2008 for issuers to switch to International Financial Reporting Standards (IFRS). The IFRS were issued by the International Accounting Standards Board (IASB), which will replace U.S....

  • SEC Defers IFRS Decision Until 2011. Morgan, John // Money Management Executive;3/1/2010, Vol. 18 Issue 9, p1 

    The article reports on the support and approval set by the U.S. Securities and Exchange Commission (SEC) for the convergence of International Financial Reporting Standards (IFRS) and the Generally Accepted Accounting Principles (GAAP). The act of converging seeks to nail down the differences...

  • Twenty Questions on International Financial Reporting Standards. Tribunella, Heidi // CPA Journal;Mar2009, Vol. 79 Issue 3, p32 

    The article offers information on the adoption of the International Financial Reporting Standards (IFRS) in the U.S. The Securities and Exchange Commission (SEC) has issued a proposal for public comment on August 27, 2008 that could compel mandatory adoption of IFRS effective 2014. It explains...

  • A New Paradigm of Reporting on the Horizon: International Financial Reporting Standards (IFRS) and Implications for the Insurance Industry. Lindberg, Deborah L.; Seifert, Deborah L. // Journal of Insurance Regulation;Winter2010, Vol. 29 Issue 2, p229 

    The international business community is moving toward adopting International Financial Reporting Standards (IFRS). In the European Union, compliance with IFRS was required beginning in 2005 (Post, et al., 2007). In February 2010, the U.S. Securities and Exchange Commission (SEC), while calling...

  • What's So Important About International Financial Reporting Standards? Bodine, Stephen W. // National Public Accountant;2009 Tax Season, Vol. 8 Issue 1, p12 

    The article discusses the importance of the U.S. Securities and Exchange Commission's (SEC) multi-year proposed roadmap to the International Financial Reporting Standards (IFRS). Under the proposal, issuers are one step closer to moving from using the generally accepted accounting principles...

  • SEC PROPOSES ADOPTION Of IFRS FINANCIAL REPORTING FOR U.S. ISSUERS.  // Venulex Legal Summaries;2009 Q1, Special section p1 

    The authors comment on the proposal of the U. S. Securities and Exchange Commission (SEC) to adopt the International Financial Reporting Standards (IFRS) of the International Accounting Standards Board (IASB) for issuers rather than the U.S. accounting standards. They say that IFRS will impose...

  • An Overview of the november 2011 SEC Staff Paper on IFRS/GAAP Differences. Fischer, Dov; Ehoff, Clem // Journal of the CPA Practitioner;Jun/Jul2012, Vol. 4 Issue 3, p9 

    The article discusses the staff paper entitled "Work Plan for the Consideration of Incorporating International Financial Reporting System for U.S. Issuers: A Comparison of U.S. GAAP and IFRS" from the Securities and Exchange Commission (SEC). It notes the differences between the international...

  • SEC Pay Reporting Changes Seen as Minor.  // Strategic Finance;Feb2010, Vol. 91 Issue 8, p22 

    The article reports on a change in the U.S. Securities and Exchange Commission's corporate pay disclosure rule. The reporting of performance-based awards will have to be a fair value calculation that is based on the probable outcome of performance conditions on the grant date. Accounting...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics