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The Securities and Exchange Commission (SEC) yesterday agreed to a series of steps that could lead to the required use of IFRS by U.S. issuers by 2014.  

Read AICPA’s full report at http://www.ifrs.com/updates/sec/SEC_approves.html.  

Also check out BusinessFinanceMag.com’s report at http://businessfinancemag.com/blogpost/sec-sets-road-map-ifrs-0828.

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