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The AAO Weblog covers accounting issues and current events as they relate the practice of investment analysis. All posts prior to September, 2007 are in the public domain, but after September 4, only subscribers to The Analyst's Accounting Observer will see all posts going forward. Only selected, occasional posts will be released to the public domain from September 4 forward.

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White House Declaration Means "IFRS Roadmap" Arrives Soon
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Posted by: Jack Ciesielski 5/19/2008 4:49 AM

By the end of the month, to be exact. This article from Dow Jones Newswires might mean that some SEC staffers are going to have a busy Memorial Day weekend.

In a May 9 memo to agency heads, White House Chief of Staff Josh Bolten wrote that "all rules to be finalized before the administration leaves office should be proposed by June 1, and final rules should be issued by November 1."

That means the SEC's IFRS roadmap should be published by the end of the month and completely ready to roll by November 1. The memo mentioned that "extraordinary circumstances" might make for allowances; but the June 1 deadline seems consistent with the SEC's timing all along. The White House edict might just seal it.

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