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Why the SEC Won't Flip the IFRS Switch

Risk analysis indicates that the SEC is highly unlikely to require public U.S. companies to use IFRS instead of U.S. GAAP if the two sets of standards remain substantially different.

September 2, 2010

As I have explained in prior columns, there are three techniques that enable CFOs to plan intelligently for the future despite the many unknowns associated with the use of International Financial Reporting Standards (IFRS) in the United States. This month's column provides an example of one of the techniques, risk analysis, which involves assessing the likelihood of possible outcomes in key areas of uncertainty. Read more...

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