SEC proposes easing accounting rules on foreign firms
The SEC is seeking comment on a proposal to relax accounting regulations for foreign firms that trade on U.S. exchanges.
The SEC is seeking comment on a proposal to relax accounting regulations for foreign firms that trade on U.S. exchanges. Currently, such issuers are required to reconcile their financial statements with U.S. generally accepted accounting principles. The SEC is proposing to allow them to file their reports using international financial reporting standards. For a look at the proposal and information on submitting comment by Sept. 15, visit http://www.sec.gov/rules/proposed/2007/33-8818.pdf
Learn more about reprints and licensing for this article.
