The magic number for 2008 could be 2011.
That year is already emerging as a possible target date to let U.S. companies start filing financial statements using International Financial Reporting Standards. China, India, Canada, and other nations all plan to adopt IFRS in 2011, so while the Securities and Exchange Commission begins debating whether to do the same, a natural question is whether 2011 is a good date for the United States to make the switch, too.
