Chipman sees SEC's IFRS decision coming soon

摘要

With the G-20 finance ministers having given accounting standard-setters a new deadline of mid-2013 to get their convergence work done, the Securities and Exchange Commission is under fresh pressure to reach a decision on incorporating International Financial Reporting Standards into the U.S. financial reporting system— and Grant Thornton CEO Stephen Chipman expects the SEC to make a decision soon, though he believes it is likely that the transition will be a slow one.