by Commissioner Elisse B. Walter
The IFRS proposal we have before us today is truly a momentous one. I would like to thank the staff for their tireless efforts on this release. I would also like to thank you for putting up with my passion with respect to this issue.
I support the proposal of this Roadmap as an important step in the Commission's consideration of the potential use of IFRS by U.S. issuers. The world should make no mistake: The SEC is serious about moving to IFRS as the governing accounting standards.
But we are equally serious about doing this in the right way. As we move forward with our consideration of accepting IFRS reporting by U.S. issuers, I think it is extremely important for us to remember our mission — to protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation. I believe in the mission of the SEC and its goal of helping investors get the information they need to make informed investment decisions. In determining how we move forward on IFRS, we need to keep those principles front and center.
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