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IFRS in All Stock Markets Worldwide

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India just recently announced that their transition date to IFRS will be April 1, 2011 where they converge their Indian Accounting Standards with IFRS. This means that the whole world, all stockmarkets worldwide are jumping on the IFRS band wagon. To read the full story, see IFRS: transition date will be april 1, 2011.

But wait, here’s the exciting news, the moment we have all been waiting for. Tomorrow, Feb. 24, 2010, the SEC will be having a meeting to consider a statement on International Financial Reporting Standards. As you know, the U.S. has been the odd man out with its ongoing consideration of converging U.S. GAAP with IFRS into its financial reporting system for U.S. issuers.

To read more about this, see SEC to Meet Wednesday on IFRS Roadmap.






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