CFA Institute Polls Investment Professionals on IFRS

There is ongoing debate regarding plans for adoption of International Financial Reporting Standards (IFRS) in the United States. To better inform its response on the Securities and Exchange Commission (SEC) "Roadmap for the Potential Use of Financial Statements Prepared in Accordance with International Financial Reporting Standards," the CFA Institute (the global association for investment professionals) polled members regarding the global use of a single set of high quality accounting standards. Overall, 91 percent of respondents support having companies throughout the world use a single set of accounting standards to prepare general purpose financial statements. (Read the CFA Institute survey results.)