U.S. investors expect the country will eventually support International Financial Reporting Standards, but the process will take time and require substantial investment in staff and training, according to new research from the Association of Chartered Certified Accountants.
Fifty-seven percent of investors anticipate the SEC will one day require reporting under IFRS, with more investors agreeing than disagreeing that the long-term benefits of adoption would outweigh the costs, 41 percent compared to 29 percent.
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