SEC proposes Roadmap for mandatory use of IFRS by U.S. issuers by 2014
At the SEC open meeting on August 27th, the Commission voted to issue a proposal for public comment that contains a Roadmap for U.S. issuers to use IFRS as issued by the IASB by 2014. The Roadmap lays out seven milestones that must be achieved before the Commission takes action on the proposal in 2011. The proposal also contains an early adopter program for a limited number of U.S. companies that compete internationally with non-U.S. issuers. There will be a 60-day comment period after publication in the Federal Register. The proposal will be posted to the SEC website as soon as possible.
The Commission also voted to approve as substantially proposed three rules related to the modernization of foreign private issuer reporting requirements, making it easier for U.S. investors to gain access to timely financial information. The final rules will be posted to the SEC website as soon as possible.
Robust growth in foreign business defies high U.S. corporate tax rate
Assets and earnings of foreign-controlled domestic corporations grew despite a less and less competitive U.S. corporate tax rate. Read the analysis of IRS data from our National Tax Office.
FASB Statement 157: What fair value measurement means for private equity firms
It's not as simple as buy and sell. The concept of fair value greatly impacts the way funds measure assets and liabilities. Learn more about significant issues when implementing FASB Statement 157.
How will accounting for business combinations change in 2009?
Join experienced professionals as they explain how Statement 141R will change existing accounting practices during this webcast.
