On [long overdue] move to IFRS

Speech by SEC Staff: IFRS and U.S. Companies: A Look Ahead by John W. White
Director, Division of Corporation Finance
U.S. Securities and Exchange Commission

So in closing, I'll just leave you with this — I truly believe that the endpoint will be U.S. issuers using IFRS and that it is time to move in this direction. The SEC can provide leadership by planning now for how that result might be brought about, which in turn could provide U.S. issuers with greater clarity in this area.