Financial Executives International (FEI), an association of senior financial executives, and other organizations released statements in reaction to the SEC's announcement. FEI's statement said:
FEI is pleased with the SEC's decision to issue a Statement informing the public of its position and plans with respect to its proposed 'IFRS Roadmap.' We applaud the SEC for developing a Workplan to address issues raised by FEI and others in response to the proposed IFRS Roadmap with respect to public companies. We also look forward to providing expert input on behalf of the issuer community to the SEC as it addresses the important questions in the Workplan, including the impact on issuers' controls and procedures, corporate governance considerations, cost and human capital considerations, the impact on other regulatory filings, as well as investor understanding and education issues.
Read more in these statements:
Financial Executives International (FEI)
American Institute of Certified Public Accountants
Center for Audit Quality (affiliated with the AICPA)
(NOTE: we will update this list tomorrow for additional press releases)
Separately, the CFA Institute (formerly called AIMR), issued a statement in advance of today's SEC meeting.
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