Sunday, January 25, 2009

Schapiro may put IFRS roadmap on ice


New SEC chair at loggerheads with ex-chair of the International Accounting Standards Board's governing body on IFRS

Mary Schapiro, the incoming head of the Securities and Exchange Commision has dealt convergence efforts a major blow by saying she may shift the goalposts on the US adoption of IFRS.

'I will not be bound by the existing roadmap that's out for public comment,' cfo.com reported.

See full Article.