SEC chairman underlines support for IFRS but fails to commit US to international standards
Last Wednesday a softly spoken Mary Schapiro gave the first concrete indication of whether the US would adopt international accounting standards under her chairmanship.
Depending on who you believe, Schapiro’s speech was a landmark moment in US financial history or a wasted opportunity.
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“Today’s commission statement reaffirms our support for a single globally-accepted standard… We must carefully consider and deliberate whether such a change is in the best interest of US investors and markets,” she said.
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