With the ever growing need to be globally competitive not only in product but in services alike, it is imperative that the accounting function continue to evolve with the global standards. As of 2009 the rules began to change. The Securities and Exchange Commission (SEC) has proposed that public companies have the option to use IFRS as a roadmap that more than likely will lead to be more of a requirement by 2014. http://www.deloitte.com/assets/Dcom-UnitedStates/Local%20Assets/Documents/us_assur_IFRS_IFRStravel112408.pdf
With the ever growing need to be globally competitive not only in product but in services alike, it is imperative that the accounting function continue to evolve with the global standards. As of 2009 the rules began to change. The Securities and Exchange Commission (SEC) has proposed that public companies have the option to use IFRS as a roadmap that more than likely will lead to be more of a requirement by 2014.
http://www.deloitte.com/assets/Dcom-UnitedStates/Local%20Assets/Documents/us_assur_IFRS_IFRStravel112408.pdf