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Gradison to SEC on IFRS: Make a Decision

Tammy Whitehouse | September 19, 2008

Bill Gradison, a member of the Public Company Accounting Oversight Board, has a word of advice for the U.S. capital market system, including its regulators. If, in fact, you’re moving to international accounting standards, get on with it.

In personal remarks exclusively to Compliance Week, Gradison said he’s concerned the process of determining if and/or when the United States will eventually use International Financial Reporting Standards is moving too slowly. “I’m seeing increasing evidence of just how much effort is being expended or planned in order to get ready for the possibility that IFRS might be permitted and required for U.S. issuers,” he said. “I hope we don’t move too slowly in making a decision one way or the other.”

GradisonGradison stopped short of offering an opinion on whether the Securities and Exchange Commission...

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