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SEC Staff Issues "Final Report," But IFRS Decision Still to Come

SEC Final Report

On July 13, the staff of the U.S. Securities and Exchange Commission (SEC) issued its final report on the agency’s work plan in relation to International Financial Reporting Standards (IFRS). Although the 127-page report provides analysis of six key areas, what may be most notable is that it doesn’t make a recommendation as to what the SEC’s decision should be regarding incorporating IFRS into the financial reporting system for U.S. issuers.

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About Our Services

The IFRS Implementation, Convergence & Reporting Team at WithumSmith+Brown, PC understands the challenges facing companies in the United States that are preparing for unprecedented changes in financial reporting over the next few years. Whether companies are already reporting on IFRS, considering early adoption, or gradually converging as standards are changed in the United States, WS+B can provide you with the expertise, manpower, and efficiency you need to be in a position of strength. Our team of professionals has experience in auditing IFRS statements, as well as preparing IFRS statements and reporting packages from GAAP financial statements for reporting to parent companies. Learn More About The Service.


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