Monthly Archives: March 2010

IFRS Delayed Until 2015

The Securities and Exchange Commission on Wednesday unanimously supported work on a plan under which 2015 would likely be the earliest possible date for the required use of International Financial Reporting Standards by U.S. public companies. The plan envisions continued study of IFRS and a 2011 vote on whether to mandate conversion to the international standards. SEC Chairman Mary Schapiro stressed that the commission is “on track to make a recommendation in 2011.”  (Source: CPA Letter)