The Securities and Exchange Commission (SEC) published a proposed Roadmap that could lead to the use of International Financial Reporting Standards (IFRS) by U.S. issuers beginning in 2014. The Commission would make a decision in 2011 on whether adoption of IFRS is in the public interest and would benefit investors. The proposed Roadmap suggests the adoption by U.S. issuers could be phased in from 2014 to 2016 depending on company size:

• Large accelerated filers in 2014
• Accelerated filers in 2015
• Non-accelerated filers in 2016

http://www.sec.gov

27 August 2008