US GAAP & IFRS convergence series: SEC Work Plan Finalization
Original webcast: July 19, 2012
The Staff of the SEC's Office of the Chief Accountant recently published its final Staff report on the Work Plan for the consideration of incorporating IFRS into the financial reporting system for US issuers.
This final Staff paper represents a summary of what the Staff learned in the areas covered by the Work Plan regarding the potential impact of any incorporation of IFRS in the financial reporting system for US issuers, and it will inform any Commission determination on whether, how and when to incorporate IFRS. It also provides transparency to the public related to the Staff's findings and observations.
Please join us for a summary and analysis of the Work Plan final report.