Deloitte CEO commends U.S. Securities and Exchange Commission for taking steps toward adoption of International Financial Reporting Standards
New York – Jim Quigley, CEO Deloitte Touche Tohmatsu, have commended the U.S. Securities and Exchange Commission (SEC) for taking the next step toward the adoption of International Financial Reporting Standards (IFRS) within the U.S., and the ultimate development and adoption of a single set of globally accepted, high-quality financial reporting standards.
“The decision by the SEC to provide a comment period on a road map for the eventual adoption of IFRS by U.S. companies is essential to ensuring an orderly transition to a global system of financial reporting”. An appropriate roadmap has been a critical enabler for the more than 100 countries in Europe and Asia that have successfully adopted or committed to transition to IFRS. Further, the SEC announcement is an important step on the journey to a common language for our global capital markets.
“Our capital markets are global, and the markets will be more efficient and effective with a common global language. Today’s action, is a win-win for all capital market participants. It will also facilitate a more efficient allocation of capital across geographies, and ultimately enhance U.S. competitiveness.”
– Deloitte Global Review
[...] Jim Quigley, CEO Deloitte Touche Tohmatsu, rallies behind the Security and Exchange Commission as they work to implement financial reporting standards. “Our capital markets are global, and the markets will be more efficient and effective with a common global language. Today’s action, is a win-win for all capital market participants. It will also facilitate a more efficient allocation of capital across geographies, and ultimately enhance U.S. competitiveness.” [...]
Supporting Financial Reporting Standards « Mormons in Business said this on September 17, 2008 at 2:04 pm |
[...] Jim Quigley, CEO Deloitte Touche Tohmatsu, rallies behind the Security and Exchange Commission as they work to implement financial reporting standards. “Our capital markets are global, and the markets will be more efficient and effective with a common global language. Today’s action, is a win-win for all capital market participants. It will also facilitate a more efficient allocation of capital across geographies, and ultimately enhance U.S. competitiveness.” [...]
Supporting Financial Reporting Standards | Mormons in Business said this on October 13, 2008 at 1:46 pm |