Heads Up newsletter on SEC proposal to drop reconciliation

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10 Jul 2007

We have posted the (PDF 69k) published by Deloitte & Touche LLP (United States).

The newsletter, titled SEC Proposes Easing Requirements for Foreign Filings, summarises the SEC's proposed rule to drop its US GAAP reconciliation requirement for foreign private issuers that prepare financial statements in accordance with International Financial Reporting Standards (IFRSs) as adopted by the IASB.

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