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IFRS Opinions … and IFRS Ignorance

Financial executives at small to midsize enterprises in the U.S. have some strong opinions about IFRS.


That’s fine – but many of these folks need to bone up on current IFRS-related developments.


For example, a new poll of 220 finance professionals within private, U.S.-based SMEs (companies with annual revenues of less than $1 billion) expresses strong support for the formation of separate IFRS for private companies. Yet, 43 percent of these same survey respondents indicated that they were not aware of the IASB’s ongoing effort to tailor IFRS to SMEs.


These results and other SME viewpoints on IFRS are contained in a new Deloitte survey.


And here’s one place to start boning up: an interesting advisory group of the FASB. ###

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