Roadmap for the Potential Use of Financial Statements Prepared in Accordance With International Financial Reporting Standards by U.S. Issuers

Summary

The Securities and Exchange Commission is proposing a roadmap for U.S. issuers to use International Financial Reporting Standards (IFRS) in their financial statements, aiming to enhance comparability of financial information for investors. The roadmap sets milestones for the potential adoption of IFRS by 2014, with early use allowed for a limited number of issuers starting in 2010.