Shapiro undoing Cox pet initiatives?

We've noted that SEC Chairman Linda Shapiro was a bit coy early on regarding a few big issues, such as the projected rollout of IFRS in the United States. She offering a few more clues as of late. Reuters reports the SEC will be looking at her predecessor's original roadmap for a move to IFRS to determine if it "still made sense given the cost of conversion and the current state of the economy."

Another Chris Cox pet project that may get dialed back: The move to XBRL. Cox was fairly aggressive in his timetable, but Shapiro considers it a much lower priority, given the credit crunch and all. She hinted at a recent Reuters event that the agency just might consider delaying compliance. She also voiced some reservations about allowing websites to be considered official distribution of information, rather than traditional press releases and such. Clearly, she's bringing a different approach to some of these issues, which will keep us all guessing for a while longer. In the end, we'll likely have XBRL reports in GAPP and XBRL; the issue is when. 

For more:
- here's the Reuters article

Related Articles:
Chris Cox leaves SEC quietly
IFRS conversion, another Sarbanes-Oxley?
Will Mary Shapiro slow the move toward IFRS?