The Securities and Exchange Commission convened a day-long summit last week on International Financial Reporting Standards, to discuss whether and how the U.S. accounting system should be moved to the international model and to hear the views of top stakeholders on the topic.
Panels of investors, issuers, and other regulators gave their thoughts on the benefits and drawbacks of moving to IFRS, a potentially enormous shift that would transform financial reporting for U.S. public companies.
