Outgoing SEC Commissioner Mary Jo White encourages FASB and IASB to continue collaboration.
“There is virtually no support to have the SEC mandate IFRS for all registrants,” James Schnurr tells accountants.
The former chairman of the SEC declares that full-scale adoption of IFRS in the United States is no longer possible, but his European counterparts disagree.
A new rule for revenue recognition could raise thorny challenges for CFOs.
