Reporting standards explored
Securities regulators recently held two round tables to collect feedback on whether to give U.S. companies an option when it comes to preparing their financial statements.
Securities regulators recently held two round tables to collect feedback on whether to give U.S. companies an option when it comes to preparing their financial statements. The round tables came on the heels of the SEC’s decision to give foreign firms the choice of using U.S. generally accepted accounting principles or international financial-reporting standards. For a look at the agency’s concept release exploring the issue, visit sec.gov/rules/concept/2007/33-8831.pdf.
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