KPMG International hails US' IFRS intentions
KPMG International's chairman hails the US' intention to converge its financial reporting into IFRS
KPMG International’s chairman has highlighted the importance of the SEC’s
newly-released road map proposal to converge US reporting to international
standards.
Timothy Flynn said the proposal to bring US public companies onto IFRS
demonstrates markets are becoming borderless and converged standards best met
investors’ interests.
‘We continue to believe that IFRS has the potential to become a much-needed
common language for investors worldwide.’
Further reading:
IFRS to cost $3.5bn for US conversion
SEC thumbs up for ‘early adopter’
switch to IFRS
Sigh
of relief for the IASB – but is it all over?