The Securities and Exchange Commission voted to issue a statement that lays out its position regarding global accounting standards. They want to make it clear that “the Commission continues to believe that a single set of high-quality globally accepted accounting standards would benefit U.S investors.” By 2011, the SEC will decide whether to incorporate IFRS … Read more »
Tag: IFRS
Market Reaction to Adoption of IFRS in Europe
Christopher S. Armstrong, Mary E. Barth, Alan D. Jagolinzer, and Edward J. Riedl published Market Reaction to Adoption of IFRS in Europe (.pdf) This study examines the European stock market reaction to sixteen events associated with the adoption of International Financial Reporting Standards (IFRS) in Europe. European IFRS adoption represented a major milestone towards financial … Read more »