SEC Staff Publishes Final Report on Work Plan for Global Accounting Standards

The Securities and Exchange Commission’s Office of the Chief Accountant today published its final staff report on the Work Plan related to global accounting standards.

The Commission directed the staff in February 2010 to develop and execute the work plan. The Commission issued a statement at the time indicating that the information obtained through the Work Plan would aid the Commission in evaluating the implications of incorporating International Financial Reporting Standards (IFRS) into the financial reporting system for U.S. companies.

The SEC staff welcomes feedback on the final staff report. Submissions to the Commission may be made either on paper or electronically; please use only one method.

Electronic submissions:

• Use the SEC’s Internet comment form or send an e-mail to rule-comments@sec.gov.

Paper submissions:

• Send paper submissions in triplicate to Elizabeth M. Murphy, Secretary, Securities and Exchange Commission, 100 F Street N.E., Washington, D.C. 20549-1090.

All submissions should refer to File Number 4-600. This file number should be included on the subject line if e-mail is used. Please note that all submissions received will be made publicly available and posted on the SEC’s website.