On November 14, the SEC released for comment its proposed roadmap with milestones and a timeline for IFRS adoption for U.S. public companies in 2014.
Eligible early adopters could use IFRS for filings of financial statements for periods ending on or after December 15, 2009.
The 90-day comment period begins with the roadmap's publication in the Federal Register.
Arleen Thomas, AICPA Senior Vice President, Member Competency & Development, addresses the announcement in a 2-minute downloadable video.
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