 Individual investors’ attitudes toward the acceptance of International Financial Reporting Standards in the United StatesJohn E. McEnroe and Mark Sullivan Journal of International Accounting, Auditing and Taxation, 2011, vol. 20, issue 1, 20-31 Abstract: As of this writing, non-U.S. companies using International Financial Reporting Standards (IFRS) are permitted to list their securities on U.S. stock exchanges without reconciling those statements to U.S. Generally Accepted Accounting Principles (U.S. GAAP). The Securities and Exchange Commission (SEC) is currently considering a proposed rule that would require all U.S. issuers to employ IFRS by 2015. SEC Commissioner Elisse Walter has emphasized that IFRS should be incorporated into U.S. capital markets only if the change benefits U.S. investors. Current Chairperson Mary Schapiro more recently echoed this statement. Accordingly, this paper reports on the results of a survey of individual investors’ attitudes toward this potential change. It concludes that U.S. investors are satisfied with the current U.S. accounting model and do not desire a movement toward the adoption of IFRS. Keywords: IFRS; SEC; Investors; FASB; Survey; Accounting; International (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:jiaata:v:20:y:2011:i:1:p:20-31 DOI: 10.1016/j.intaccaudtax.2010.12.002 Access Statistics for this article Journal of International Accounting, Auditing and Taxation is currently edited by R. Larson More articles in Journal of International Accounting, Auditing and Taxation from Elsevier |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.