No IFRS Requirement Until 2015 or Later

No IFRS Requirement Until 2015 or Later Under New SEC Timeline

Feb. 24, 2010 – The SEC unanimously approved on Wednesday a new timeline that envisions 2015 as the earliest possible date for the required use of IFRS by U.S. public companies. The SEC action calls for more study of IFRS and a 2011 vote on whether to move ahead with a mandate to use IFRS.
 
Read the full article in the Journal of Accountancy at http://www.journalofaccountancy.com/Web/20102656.htm