Financial Executives International (FEI), an association for CFOs and other senior finance executives based in North America, has published FEI CEO's 2011 Top Challenges for Financial Executives, which includes discussion of the possible convergence of US GAAP with IFRS.
An extract follows:
Global Convergence of U.S.GAAP and IFRS
Though the timeline for convergence projects has slowed, companies are monitoring efforts of the Financial Accounting Standards Board and International Accounting Standards Board. All are waiting for the U.S. Securities and Exchange Commission's next steps on whether or not it will permit International Financial Reporting Standards for U.S. publicly-held companies...
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