July 13, 2012 - The Securities and Exchange Commission's Office of the Chief Accountant today published its final staff report on the Work Plan related to global accounting standards.
The Commission directed the staff in February 2010 to develop and execute the work plan. The Commission issued a statement at the time indicating that the information obtained through the Work Plan would aid the Commission in evaluating the implications of incorporating International Financial Reporting Standards (IFRS) into the financial reporting system for U.S. companies.
The SEC staff welcomes feedback on the final staff report. Submissions to the Commission may be made either on paper or electronically; please use only one method.