PracticeAuditKPMG International hails US’ IFRS intentions

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?

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