IFRS Survey Results IFRS Survey Results 2009 - 70% approve of SEC's proposed roadmap - 20 Ocrt 2009

IFRS Survey Results 2009

Current issues



Recent
statements from the Securities and Exchange Commission's (SEC)
chairperson and new chief accountant suggest that IFRS is returning as
a front burner issue. According to a new Deloitte survey report,
many financial executives are showing support for decisive SEC action
in approving its proposed IFRS roadmap. Over 150 respondents from
companies in various industries participated in the survey. Highlights
from the survey results include:

• Seventy
  percent (70%) of respondents indicated approval for the SEC's proposed
  roadmap: 51% responded that the SEC should approve the proposed
  roadmap, but consider pushing back the mandatory deadline a year; and
  19% responded that the SEC should approve its proposed roadmap "as is".
  
  
  
  


• Forty-five
  percent (45%) of respondents selected "delay in the finalization of the
  SEC's roadmap" in characterizing the reason why their companies' IFRS
  assessment plans may have been delayed. Only 9% of respondents
  identified "economic challenges or constraints" as the reason for
  delaying an IFRS assessment.
  
  
  
  


• Thirty-four
  percent (34%) of survey participants indicated IFRS adoption would make
  the U.S. more competitive in the global marketplace, while 38%
  responded that IFRS adoption would not.
  
  
  
  

Access the survey report here for more information.

We look forward to providing upcoming surveys and reports in this
series to help offer you insights and information about IFRS. If you
have any questions or feedback, please contact us at ifrs@deloitte.com.

Related Links
IFRS Survey Results 2009: Update on views and activities


IFRS webinar series with SAP and Deloitte
IFRS Resource Library