Financial Reporting: Goodbye Roadmap, Hello Work Plan: SEC Continues to Consider Use of IFRS by U.S. Issuers

Matthew E. Kaplan and Steven J. Slutzky, partners from the Securities Group at Debevoise & Plimpton LLP, examine the key issues the SEC must confront in coming to a decision about how and whether to allow or require U.S. domestic use of international financial reporting standards. The authors note that under the SEC's Work Plan for making a determination, the SEC is not trying to examine specific dates for or methods of IFRS adoption, but is analyzing six areas of concern surrounding the impact and practicality of IFRS for the United States.

This article is available to subscribers of the Accounting Policy and Practice Report. For more information or to take a trial to the report, click here.