SEC Announces Feb. 24 Mtg. To Consider IFRS Statement

Props to Broc Romanek of TheCorporateCounsel.net and TheCorporateCounsel.net blog, who broke the news on Twitter and LinkedIn moments ago that the SEC published a Sunshine Act Notice earlier today, regarding an open commission meeting slated for Wed. Feb. 24, at which:

The Commission will consider whether to publish a statement regarding its continued support for a single-set of high-quality globally accepted accounting standards and its ongoing consideration of incorporating International Financial Reporting Standards into the financial reporting system for U.S. issuers.

Also on deck at the Feb. 24 open commission meeting: "The Commission will consider whether to adopt amendments to Rules 201 and 200(g) of Regulation SHO relating to short sale restrictions."

In related news on the IFRS front, see our blog post yesterday: FEI Recommends Three-Year Implementation Period For Suite of New Standards Coming Under FASB-IASB MOU, and see also WebCPA's wide-ranging interview of SEC Chief Accountant Jim Kroeker , written by WebCPA's Michael Cohn, published yesterday.

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