Front Or Back Burner?: Should You Start Preparing For Conversion To IFRS - Or Hold Off

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Executive Summary

With so many companies focused on managing through the economic downturn, few leadership teams are eager for one more big thing to do. Especially when that thing involves something as pervasive as International Financial Reporting Standards (IFRS). But IFRS continues to be adopted by jurisdictions around the world and could be coming to the U.S. sooner than you think. Under the SEC's proposed IFRS roadmap, some companies would adopt IFRS beginning in 2014, with having to present comparative year information from January 1, 2012. Is it time to start getting ready - or can you afford to wait a little longer?

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