IFRS 2008, Where Are We? By Deloitte

This brief but informative report discusses the results of approximately 200 responses by U.S-company senior finance professionals to Deloitte's 2008 survey on International Financial Reporting Standards (IFRSs). The primary goal of the survey was to ascertain U.S. companies’ level of awareness about and interest in IFRSs. This report presents the survey results and analysis, addressing a variety of IFRS topics, including:

·         Companies that would consider adopting IFRS for U.S. reporting purposes, if given the choice by the U.S. Securities and Exchange Commission (SEC).

·         The expected IFRS adoption date by U.S. issuers in general.

·         The time frame of potential IFRS adoption.

·         Overall familiarity with IFRS and general visibility over local or statutory reporting.

·         Potential obstacles to IFRS adoption.

Read the full report here.