The US securities regulator has said that it will not be rushed
into adopting IFRS.
US Securities and Exchange Commission (SEC) chairman Mary Schapiro
said she “did not feel any pressure to go along with anybody only
pressure to do the right thing for US markets and US
Schapiro was speaking to reporters after her
address to delegates at the Practising Law Institute’s annual SEC
Schapiros comments come after last weeks remarks by International
Accounting Standards Board chairman, Hans Hoogervorst, who said
that he was optimistic international accounting standards will soon
be adopted in the US. Hoogervorst said that SEC chief accountant
James Kroeker had been positive about the odds of the US adopting
IFRS and that a decision will be made in the Spring.
The SEC had been expected to announce a decision about possible
adoption of IFRS for US companies by the end of 2011 but in
November the regulator said it needed a few more months to.
Hoogervorst optimistic about US IFRS conversion
SEC IFRS endorsement a possibility