SEC extends deadline on proposed Roadmap

The US Securities and Exchange Commission (SEC) has extended the comment period on the Proposed Roadmap for domestic US registrants to convert to International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board. The original comment deadline was changed to April 20, 2009. The Roadmap could require that US issuers use IFRS by 2014. (View the SEC's Announcement and learn more at Spotlight On: Global Accounting Standards.)