|
|
06 Jun 2008
Scheduling the implementation of International Financial Reporting Standards is to be one of the top priorities for SU financial watchdog the Securities and Exchange Commission.
The SEC has been developing a schedule for companies to move from the US Generally Accepted Accounting Principles (GAAP) to IFRS.
The SEC, which has been working with just three commissioners since February, will be replacing the two who have left in the next few weeks.
John White, the SEC's head of corporation finance, announced that once the full team was together IFRS implementation would be one of its top priorities.
'There are a couple of issues that would be high on the list and this is one of them', said White.
White added that he did not expect to unveil scheduling until the SEC had the full five members, but added that if they were not appointed before the end of the year, he would unveil implementation plans as he wanted to achieve this while still under the Bush administration.
You may also like
Search thousands of financial jobs:
Careers
Search for jobs
Click to search our database of all the latest accountancy roles
Create a profile
Click to set up your profile and let the best recruiters find you
Jobs by email
Sign up to receive regular updates with the latest roles suitable for you
Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
Visitor comments Add your comment