8/1/2011

Hans Hoogervorst, chairman of the International Accounting Standards Board, said the U.S. would benefit from adopting International Financial Reporting Standards. "Difficult as the decision may be, it is hard to imagine the possibility of the United States not taking a positive decision," Hoogervorst said. "U.S. investors invest globally and U.S. companies seek international capital, and it is in the economic interest of the U.S. to adopt IFRS."

Related Summaries