US - SEC activity on IFRS for US public companies

In this brief video, Arleen Thomas, AICPA senior vice-president, discusses the Securities and Exchange Commission (SEC) recent announcement regarding a work plan for possible adoption of International Financial Reporting Standards (IFRS) by US public companies. (View the video IFRS Update 2010 to learn what will go into the SEC's decision in 2011 on whether to allow or require use of IFRS.)