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IFRS Survey Results 2009: Update On Views And Activities

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Executive Summary

Anticipation of Securities and Exchange Commission (SEC) action regarding IFRS runs high among many U.S. companies. As executives await news from the SEC on its proposed IFRS roadmap, many are preparing their organizations for change and mobilizing around IFRS planning and transition activities. According to a recent Deloitte survey, 89% of respondents indicated their companies viewed mandatory IFRS conversion to be highly likely or somewhat likely in the U.S. And companies are taking action or planning to take action, with 80% of respondents indicating their companies' involvement with a high-level IFRS assessment.

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