Eighty-nine percent of financial executives view mandatory conversion to International Financial Reporting Standards to be either highly likely or somewhat likely in the U.S., according to a new survey by Deloitte.
The survey of more than 245 financial executives in July found that 59 percent view mandatory conversion as highly likely. In addition, 80 percent of the respondents are either currently taking action, or planning to take action, on IFRS conversion.
Forty percent of the executives are either performing or have performed a high-level IFRS assessment, while another 40 percent said they plan to perform an assessment in the future. In addition, 67 percent o
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