Mexico

On November 11, the Mexican Comisión Nacional Bancaria y de Valores (CNBV), together with the Mexican Accounting Standards Board (CINIF), announced that Mexico would adopt IFRS for all listed entities from 2012.  Early adoption for some entities would be permitted from 2008 subject to requirements that will be established by the CNBV.

Canada

Also on November 11, the Canadian Accounting Standards Oversight Council (AcSOC) reconfirmed its support for plans to require Canada’s publicly accountable enterprises to follow IFRS as issued by the IASB by 2011. 

United States

On November 14, the United States Securities and Exchange Commission published for public comment a proposal, titled Roadmap for the Potential Use of Financial Statements Prepared in accordance with International Financial Reporting Standards by U.S. Issuers.  The publication of the roadmap followed a unanimous vote taken by the five SEC Commissioners in August.  The proposed roadmap sets out milestones that, if achieved, could lead to the adoption of IFRSs in the United States in 2014.  The roadmap also proposes to permit the early adoption of IFRSs from 2010 for some US entities.