The U.S. Securities and Exchange Commission recently issued its Final Report on the 2010 Work Plan for the Consideration of Incorporating International Financial Reporting Standards into the Financial Reporting System for U.S. Issuers. The report is designed to consider specific areas and factors relevant to the SEC’s determination “as to whether, when, and how the current financial reporting system for U.S. issuers should be transitioned to a system incorporating International Financial Reporting Standards (“IFRS”).”

CFA Institute has reviewed the Final Report and, in a recently published issue brief, provides insights and raises important questions for investors to consider.