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IFRS Gaining Support Among U.S. Financial Leaders

Please note: This item is from our archives and was published in 2008. It is provided for historical reference. The content may be out of date and links may no longer function.

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Deloitte’s 2008 IFRS survey, Where Are We Today?, found that 30% of CFOs and other senior finance professionals would consider adopting IFRS if given a choice by the SEC within the next three years.

When surveyed six months earlier, only 20% said they would consider adopting IFRS.

While interest in adopting IFRS is growing, the survey indicated twothirds of companies considering IFRS thought their personnel in U.S. operations lacked sufficient knowledge of the standards versus one-third for their non-U.S. operations.

Source: Deloitte, www.deloitte.com/us/ifrs/2008survey.