John W. White, Director, Division of Corporation Finance at U.S. Securities and Exchange Commission addressed the following questions:
- Should U.S. companies be permitted to prepare their financial statements using IFRS for purposes of their SEC filings?
- Should U.S. companies be required to prepare their financial statements using IFRS?
The bottom line is that the IFRS is coming to U.S. and the U.S. companies should start looking at the impact of adopting the IFRS on their financials. Click here to read the full speech…..