Lame-duck Cox leaves FEI conference attendees wanting more guidance on conversion just days after the commission quietly published its roadmap for mandatory adoption.
Securities and Exchange Commission officials continue to talk about the importance of creating a unified set of global financial reporting standards, but lately, some steam seems to have gone out of the agency's push.
Last week, the SEC finally issued its long-promised roadmap for the mandatory adoption of international financial reporting standards (IFRS) by U.S. public companies, now proposed to occur by 2014. The SEC originally announced its plan to issue the roadmap on August 27. And even before that date, corporate finance departments and colleges were crying out for a firm date so
But the actual issuance was a quiet one, coming on a Friday evening and without an accompanying press release. The eagerly anticipated document was published in the Proposed Rules section of the SEC's website, but is not flagged on the home page.
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