U.S. companies need more preparation and training before International Financial Reporting Standards can be adopted, according to a survey of CFOs and other senior finance professionals by Deloitte.
Thirty percent of survey respondents said they would consider adopting IFRS if given a choice by the Securities and Exchange Commission within the next three years, up from 20 percent who answered the same question six months ago. But another 28 percent said they either lacked sufficient information to make a decision about IFRS, or were undecided.
Register or login for access to this item and much more
All Accounting Today content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access