"IFRS & the United States – Yes or no?"
Most of the world’s chief markets now claim IFRS for the financial statements of publicly traded companies. The fostering superior chief markets extraneously an IFRS command are:
The United States, which has no plans to change
Japan, where intentional excerption is playing but not claimd
China, which intends to easily conduce at some chaotic date
The SEC issued a news on the implications of incorporating IFRS into the US scheme for financial newsing in 2012 and rest insignificant livelihood for the excerption of IFRS as dictatorial direction in the US. Although mandatory use of IFRS for US companies is not claimd, the SEC representatives suggested FASB and IASB should toil contemporaneously to enucleate differences when in the best share of chief markets in 2016. In 2017, the SEC Chair telling out the SEC should livelihood efforts by FASB and IASB to conduce the accounting standards to repair the nature and comparability of financial newsing. The SEC is as-well discussing the possibility of allowing domiciliary companies to freely present IFRS financial knowledge (extraneously pacification) in abstracted to their US GAAP financial statements.