Roadmap for Potential Use of Financial Statements

SIFMA’s Dealer Accounting Committee (DAC) provides comments to the Securities and Exchange Commission (SEC) on a roadmap for the potential use of financial statements prepared in accordance with International Financial Reporting Standards (IFRS) by U.S. Issuers, File Reference No. S7-27-08. SIFMA fully supports the overall objective of convergence of global accounting standards and believes that U.S. investors, U.S. issuers, and U.S. markets would benefit from the comparability of financial information that would result from the adoption of a single set of globally accepted, high-quality accounting standards.