New SEC chief might slow push for IFRS
From Smart Brief
Mary Schapiro, President-elect Barack Obama's nominee to lead the Securities and Exchange Commission, testified Thursday before a Senate committee that she would aggressively reshape the SEC's enforcement efforts. Schapiro said that she would move quickly to create a new process for handling tips received by the agency, and she indicated there may be a need to expand the authority of the PCAOB. Schapiro said she has concerns with the SEC's current road map for transitioning U.S. public companies to International Financial Reporting Standards. Journalofaccountancy.com (01/16) FinancialWeek (01/15) Financial Times (01/15)
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