SEC proposes easing accounting rules on foreign firms

The SEC has issued a proposal to relax accounting regulations for foreign firms that trade on U.S. exchanges.

OCT 02, 2007

The SEC has issued 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 principals. The SEC is proposing to allow them to file their reports using international financial reporting standards. Comments were due Sept. 15. For a look at the proposal, visit the SEC site.

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SEC proposes easing accounting rules on foreign firms

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