The Securities and Exchange Commission has scheduled a meeting for this Wednesday to discuss setting a roadmap for the transition to International Financial Reporting Standards.
The long-anticipated move will provide a timetable for the convergence of U.S. generally accepted accounting principles with IFRS. "Our focus is laying out a roadmap," said SEC Chairman Christopher Cox (pictured) last week, according to Reuters. "It will be an important milestone, but it will be one step in what will undoubtedly be a long journey."
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