The Securities Industry and Financial Markets Association (SIFMA) today called the Securities and Exchange Commission’s vote on the International Financial Reporting Standards (IFRS) Roadmap an important and essential first step.
“Today’s vote moves us closer to having a single set of global, high-quality accounting standards . While work remains to be done in order to maximize its positive impact, at the conclusion of the roadmap both issuers and investors in the global capital markets will benefit greatly” said a SIFMA spokesperson.