Question - Although the SEC has not announced a final decision related to the use of IFRS by U.S. companies, James Schnurr, the Chief Accountant in the SEC's Office of the Chief Accountant, has made several speeches that address this issue. Using the SEC's website (https://www.sec.gov/news/speeches), read the text of these speeches to address the following questions. You should include the date(s) and url(s) of the speech(es) that you use to answer each part of this question.
Q1) What new alternative for using IFRS in the U.S. was mentioned by Mr. Schnurr?
Q2) What is Mr. Schnurr's current opinion about the best path for continuing to pursue the goal of a single set of high-quality, globally accepted accounting standards?