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https://www.pwc.com/us/en/cfodirect/issues/ifrs-adoption-convergence.html
In 2012, the SEC issued its final report on its IFRS work plan intended to aid the SEC in evaluating the implications of incorporating IFRS into the US reporting system. The staff found little support for adopting IFRS as authoritative guidance in the US.
https://www.ifrs.org/use-around-the-world/use-of-ifrs-standards-by-jurisdiction/united-states/
Yes. In their Commission Statement in Support of Convergence and Global Accounting Standards, dated 24 February 2010, the SEC stated: “In addition to reaffirming the Commission’s strong commitment to a single set of global standards, the recognition that IFRS is best-positioned to be able to serve the role as that set of standards for the US market, and the convergence process ongoing ...
https://www.sec.gov/spotlight/globalaccountingstandards.shtml
Staff Paper: Exploring a Possible Method of Incorporation of IFRS (May 26, 2011) Comments received are available. SEC Announces Roundtable on International Financial Reporting Standards (April 20, 2011) Progress Report on SEC Work Plan (October 29, 2010) Commission Statement in Support of Convergence and Global Accounting Standards; SEC Work Plan
https://www.sec.gov/news/statement/white-2016-01-05.html
Jan 05, 2017 · While U.S. constituents have advised us that they do not support a move to, or an option to use, IFRS for financial reporting by U.S. companies at this time, this does not lessen the importance of their engagement on IFRS or in the broader work to further enhance globally accepted standards. ... The next SEC Chair, working closely with the ...
https://www.cfo.com/gaap-ifrs/2015/05/secs-chief-accountant-signals-end-convergence-efforts/
May 08, 2015 · GAAP and IFRS May 8, 2015 SEC’s Chief Accountant Signals End to Convergence Efforts “There is virtually no support to have the SEC mandate IFRS for all registrants,” James Schnurr tells accountants.
https://www.ifrs.com/pdf/IFRSUpdate_V8.pdf
SEC issues a statement in support of convergence and global accounting standards and calls for the issues work plan progress report on Oct. 29. 1989 1991 1993 1995 1997 1999 2001 2003 2005 2007 ... International Financial Reporting Standards (IFRS). ...
https://www.efilecabinet.com/ifrs-international-financial-reporting-standards-and-the-sec/
Jan 15, 2016 · In their own words from their official site, “Our mission is to develop International Financial Reporting Standards (IFRS) that bring transparency, accountability and efficiency to financial markets around the world. Our work serves the public interest by fostering trust, growth and long-term financial stability in the global economy.”
https://accountingonion.com/2012/04/ten-claims-in-support-of-ifrs-adoption-by-the-sec-and-why-they-are-false-part-three-of-three.html
Apr 02, 2012 · Ten Claims in Support of IFRS Adoption by the SEC – and Why They are False (Part Three of Three) April 2, 2012 By Tom Selling In Accounting Concepts and Conceptual Framework, FASB/IASB - General, IFRS/Convergence, International
https://www.ifrs.com/updates/aicpa/ifrs_faq.html
What is the possibility of the Securities and Exchange Commission substituting IFRS for GAAP? For many years, the SEC has been expressing its support for a core set of accounting standards that could serve as a framework for financial reporting in cross-border offerings.
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