Busy Bees at the SEC
Posted on November 19th, 2008 by Priya Ramesh »Permalink
Quite a week for the SEC. In between estimating IFRS adoption costs ($32 million! Wow. Check out the pushback), laying out a roadmap for the transition, and finding time in all the hubub to charge Dallas Mavericks owner Mark Cuban with insider trading, should we be surprised to hear that settlements between the SEC and companies are the lowest this year since the adoption of SOX? There are only so many hours in a day.
Speaking of IFRS, CFO raises some questions about that roadmap — and gives some advice for those who’ll be responsible for preparing IFRS-friendly financial statements. Compliance Week also gets in on the action, with some concerns about how IFRS statements will compare to those prepared under GAAP.