CFOs Split Over Use of IFRS in U.S. , Grant Thornton Survey Shows

Responding to a recent national survey of chief financial officers and senior comptrollers, half believe that United States ompanies should be permitted to use International Financial Reporting Standards, instead of U.S. generally accepted accounting principles, in financial statements filed with the U.S. Securities and Exchange Commission, while half disagree.

The survey, conducted by Grant Thornton LLP, the U.S. member firm of Grant Thronton International Ltd., also found that given the choice, 40 percent of senior financial executives would choose to never use IFRS; 20 percent say they would start in 2011; 19 percent say later than 2016; and another 18 percent say they would start in 2014.

Read more on the survey.

Separately, see the comment letter filed by FEI's Committee on Corporate Reporting and FEI's Committee on Taxation on the SEC's proposed IFRS Roadmap.  

See also the comment letter filed by the Corporate Roundtable on International Financial Reporting (of which FEI is a member).