Analogously, these benefits may also apply to U.S. firms in such industries, thus resulting in a more positive market reaction to IFRS adoption events for these firms. In line with this argument, the fact that many global competitors use IFRS would indicate more consistent global practices to deal with accounting issues, and possibly greater familiarity among the international investment community
Supporting this view, the SEC considered allowing certain
U.S. firms for which IFRS would be most beneficial to adopt IFRS early, and proposed that the use of IFRS by a majority of significant competitors should be the key requirement for deciding which firms would be eligible for this option
The adoption of IFRS can allow greats benefits for investors of companies in the US. One of the greatest benefits for the investors would be