Some concern about the SEC's reconciliation proposal

  • European Union (old) Image

24 Jun 2007

In a joint press release, two leaders of the committee within the European Parliament that has responsibility for oversight of accounting matters have expressed some concern about the way the SEC has proposed to eliminate the required reconciliation to US GAAP for foreign registrants that use IFRSs.

They want to "ensure that the role legislators play in international accounting standard setting is not undermined". Click to Download the Press Release (PDF 72k).

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