In November 2008, the SEC released its Solution The Commission is proposing this Roadmap to set forth milestones which, if achieved, could lead to the eventual use of IFRS by all U.S. issuers. Through this Roadmap, the Commission is seeking to realize the objective of providing investors with financial information from U.S. issuers under a set of high-quality globally accepted accounting standards, which would enable U.S. investors to better compare financial information of U.S. issuers and competing international investment opportunities. This Roadmap is further intended to encourage market participants to consider the effect of IFRS in our capital markets and to prepare for the use of IFRS financial statements by U.S. issuers in their filings with the Commission. The IASC Foundation has financed IASB operations largely through voluntary contributions from a wide range of market participants from across the world .

1. In November 2008, the SEC released its
Solution
The Commission is proposing this Roadmap to set forth milestones which, if
achieved, could lead to the eventual use of IFRS by all U.S. issuers. Through this
Roadmap, the Commission is seeking to realize the objective of providing investors with
financial information from U.S. issuers under a set of high-quality globally accepted
accounting standards, which would enable U.S. investors to better compare financial
information of U.S. issuers and competing international investment opportunities. This
Roadmap is further intended to encourage market participants to consider the effect of
IFRS in our capital markets and to prepare for the use of IFRS financial statements by
U.S. issuers in their filings with the Commission.
The IASC Foundation has financed IASB operations largely through voluntary
contributions from a wide range of market participants from across the world