From Reuters: In a survey of 2,500 executives by accounting firm KPMG LLP [KPMG.UL], 49 percent said they would like the option to adopt IFRS, which are already used in more than 100 countries, before 2015, if the U.S. does plan to formally make the switch.
“Many U.S. companies with subsidiaries around the world are already using IFRS for statutory reporting,” said Janice Patrisso, partner and national IFRS leader at KPMG. “For them, having the option to synchronize it all up front at the U.S. company is a positive.”
The SEC, which still supports the development of a single set of high-quality global accounting rules, said it would come up with its own “work plan” and make another decision next year about whether the U.S. would move to IFRS. But even the 2015 date is not certain.
Read the entire Reuters article here…
