On Nov. 11, just before the release of the SEC’s proposed road map for IFRS adoption, Mexico announced it would adopt IFRS for all listed entities beginning in 2012. Mexico plans to allow early adoption for some entities beginning with 2008 results subject to requirements that will be established by the country’s securities regulator.
Canada reconfirmed its plans to require its publicly accountable enterprises to follow IFRS as issued by the IASB by 2011.
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