Firm Memoranda

SEC Issues Staff Paper Outlining "Condorsement" Approach to Incorporating IFRS into U.S. GAAP

Date: 06/23/11

The Securities and Exchange Commission's ("SEC") Office of the Chief Accountant has issued a staff paper entitled Work Plan for the Consideration of Incorporating International Financial Reporting Standards into the Financial Reporting System for U.S. Issuers ("Staff Paper"), which outlines one possible method for incorporating the International Financial Reporting Standards ("IFRS") into U.S. generally accepted accounting principles ("U.S. GAAP").

CGR Memo - SEC Issues Staff Paper Outlining 'Condorsement' Approach to Incorporating IFRS into US GAAP.pdf (pdf | 40.51 KB )