Document Type
Article
Department or Administrative Unit
Accounting
Publication Date
2-2013
Abstract
In 2002, the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) formally began a process to converge Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS). The SEC has repeatedly delayed its decision on whether to adopt International Financial Reporting Standards as the financial reporting system for U.S. public companies, continue with the convergence project, or reject IFRS altogether. This paper will examine several key reports issued by the SEC and the Financial Accounting Foundation to gain further insight into 1) why the SEC has repeatedly delayed its decision, and 2) what the SEC will ultimately decide.
Recommended Citation
Ehoff Jr., C., & Fischer, D. (2013). Why the SEC is delaying adoption of international financial reporting standards. International Business & Economics Research Journal 12(2), 223-228. https://doi.org/10.19030/iber.v12i2.7635
Journal
International Business & Economics Research Journal
Creative Commons License
This work is licensed under a Creative Commons Attribution 3.0 License.
Comments
This article was originally published in the International Business & Economics Research Journal. The full-text article from the publisher can be found here.