FASB Calls for More Study on IFRS

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Via the Journal of Accountancy

The Financial Accounting Standards Board (FASB) are calling on the SEC for additional study on the possible shift of US accounting standards to International Financial Reporting Standards (IFRS).  A comment letter from the organization said the SEC should allow limited early adoption of IFRS by US public companies only after there is a decision that all US public companies will ultimately be required to adopt IFRS.

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