Letter to the FASB re: SEC Concept Release on Allowing U.S. Issuers to Prepare Financial Statements in Accordance with IFRS
Status of Recommendations
On November 7, 2007, the Financial Accounting Foundation ("FAF") issued a letter to the Securities and Exchange Commission ("SEC") responding to a request for comment on the SEC"s Concept Release on Allowing U.S. Issuers to Prepare Financial Statements in Accordance with International Financial Reporting Standards ("IFRS"). The views in the FAF letter were informed by the PCFRC's letter to the FASB about the SEC Concept Release. The FAF letter can be viewed at http://72.3.243.42/FASB_FAF_Response_SEC_Releases_msw.pdf
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