Eighty-nine percent of financial executives view mandatory conversion to International Financial Reporting Standards to be either highly likely or somewhat likely in the U.S., according to a new survey by Deloitte. The survey of more than 245 executives in July also found that 80 percent of the respondents are either currently taking action, or planning to take action, on IFRS conversion.rnForty percent of the executives are either performing or have performed a high-level IFRS assessment, while another 40 percent said that they plan to perform an assessment in the future. In addition, 67 percent of those surveyed have designated a person or team to focus on IFRS, or monitor IFRS developments.
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