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GAAP.RUNewsSchapiro Defends SEC’s Approach to IFRS

Schapiro Defends SEC’s Approach to IFRS

Publication date: 19 May 2010

Securities and Exchange Commission Chair Mary Schapiro tried to explode some of the “myths” about the agency’s drawn-out convergence of U.S. GAAP with International Financial Reporting Standards, insisting the SEC is committed to global accounting standards and not simply protecting America’s “parochial” interests.

Securities and Exchange Commission Chair Mary Schapiro tried to explode some of the “myths” about the agency’s drawn-out convergence of U.S. GAAP with International Financial Reporting Standards (IFRS), insisting the SEC is committed to global accounting standards and not simply protecting America’s “parochial” interests.