The Securities and Exchange Commission will delay its eagerly anticipated decision for a few more months on whether or not to incorporate International Financial Reporting Standards into the U.S. financial reporting system.
SEC Chief Accountant James Kroeker told an audience at the American Institute of CPAs’ National Conference on Current SEC and PCAOB Developments on Monday that his staff will “take a measure of a few additional months” to finish its work plan. The SEC commissioners are awaiting the completion of the work plan before making their decision, which had been expected by the end of this year.
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