Significant hurdles remain before the project can be completed.
Some US companies are known to be uneasy about the Securities and Exchange Commission accepting IASC while they have to comply with the prescriptive US code. However, Sir Bryan Carsberg, IASC secretary general, said he believed all the parties were committed to the project. This is a sign of the times. The world is becoming a global market place and one can't refuse to recognise that. It is understood the New York Stock Exchange and others have been pressing for the freedom to accept IASC standards.