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SEC | RIN: 3235-AJ93 | Publication ID: Fall 2008 |
Title: Consideration of Convergence With International Financial Reporting Standards | |
Abstract: The Commission published a concept release concerning use of financial statements prepared in accordance with the International Financial Reporting Standards as published by the International Accounting Standards Board for purposes of complying with Commission rules and regulations. On August 27, 2008, the Commission voted to publish a proposing release for public comment setting forth a roadmap containing several milestones that, if achieved, could lead to the mandatory use of International Financial Standards by U.S. issuers beginning in 2014 if the Commission believes it to be in the public interest and for the protection of investors. The proposing release will also seek comments on proposed amendments to various regulations, rules and forms that would permit use of IFRS by a limited number of U.S. issuers for years ending on or after December 15, 2009, if this would enhance the comparability of financial information to investors. | |
Agency: Securities and Exchange Commission(SEC) | Priority: Substantive, Nonsignificant |
RIN Status: Previously published in the Unified Agenda | Agenda Stage of Rulemaking: Proposed Rule Stage |
Major: Undetermined | Unfunded Mandates: No |
CFR Citation: Not Yet Determined (To search for a specific CFR, visit the Code of Federal Regulations.) | |
Legal Authority: 15 USC 77a et seq 15 USC 78a et seq 15 USC 80a-1 et seq |
Legal Deadline:
None |
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Timetable:
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Regulatory Flexibility Analysis Required: Undetermined | Government Levels Affected: None |
Included in the Regulatory Plan: No | |
RIN Information URL: www.sec.gov/rules/concept/2007/33-8831.pdf | |
RIN Data Printed in the FR: No | |
Agency Contact: Blaine Roundy Office of the Chief Accountant Securities and Exchange Commission 100 F Street NE, Washington, DC 20549 Phone:202 551-5322 Email: roundyb@sec.gov |