Phased-in approach possible for international accounting
The SEC is leaning toward allowing U.S. companies to ease into any mandated transition to international accounting standards that come down the pike, according to a report in sister publication Financial Week.
The SEC is leaning toward allowing U.S. companies to ease into any mandated transition to international accounting standards that come down the pike, according to a report in sister publication Financial Week. Two SEC officials said last month that the regulatory agency might allow companies to switch to such accounting standards using a phased-in approach. A rule proposal dealing with the issue is expected this summer, according to the report.
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