• SEC Issues Staff Paper Outlining "Condorsement" Approach to Incorporating IFRS into U.S. GAAP
  • June 28, 2011 | Authors: Charles A. Gilman; Jonathan I. Mark; John J. Schuster
  • Law Firm: Cahill Gordon & Reindel LLP - New York Office
  • The Securities and Exchange Commission's ("SEC") Office of the Chief Accountant has issued a staff paper entitled Work Plan for the Consideration of Incorporating International Financial Reporting Standards into the Financial Reporting System for U.S. Issuers ("Staff Paper"), which outlines one possible method for incorporating the International Financial Reporting Standards ("IFRS") into U.S. generally accepted accounting principles ("U.S. GAAP").