As the debate over adoption of International Financial Reporting Standards heats up in the U.S., KPMG has released a survey indicating support for IFRS among investors, analysts and corporate executives who prepare financial statements.
The KPMG survey found that 65 percent of the investment executives and analysts surveyed expect IFRS to make the U.S. capital markets more attractive to foreign investors. Fifty-seven percent of the investors and analysts surveyed believe the timeline proposal announced by the SEC in November to be “about right,” while 18 percent said it wasn’t aggressive enough. Meanwhile, 55 percent of corporate executives agreed with the timeline, while 8 percent said it was “too long.”
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