UK-US will share information on application of IFRSs
26 Apr 2007
The United Kingdom Financial Reporting Council (FRC), the US Securities and Exchange Commission (SEC), and the UK Financial Services Authority (FSA) have signed a protocol for implementing the Work Plan that was agreed in August 2006 between the SEC and the Committee of European Securities Regulators (CESR) for sharing information on the application of International Financial Reporting Standards by issuers listed in the UK and the US.
The staff of the FRC and the SEC will share, on a confidential basis, information on the application of IFRSs in the financial statements of issuers listed in the UK and registered with the SEC. The FRC is charged with reviewing issuers' published financial statements in the UK. Click for:
