A delay in IFRS timetable release

Just two weeks ago, international financial reporting standards (IFRS) was a big deal. Companies were anxiously awaiting word of a concrete timetable, one that the SEC had promised. But then came the pyrotechnics on Wall Street, and the promised release of the timetable never happened. No one is quite sure when it is coming. However, CFO.com suggests that the issue isn't the credit crunch, which would be easy to assume. The real issue may be that opposition has cropped up as of late. The article notes that Public Company Accounting Oversight Board member Charles Niemeier has spoken out against IFRS. Investor advocates are also making their views known. The timetable, and thus the actual implementation, likely will be delayed even more as the election--and all the turnover that entails--looms large.

For more:
- here's the CFO.com article

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