US SEC will discuss eliminating reconciliation next week

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14 Jun 2007

At its regular open meeting on Wednesday, 20 June 2007, the US Securities and Exchange Commission will consider whether to propose amendments to Form 20-F, Rules 3-10 and 4-01 of Regulation S-X, Forms F-4 and S-4, and Rule 701 under the Securities Act, to accept financial statements prepared in accordance with International Financial Reporting Standards as published by the International Accounting Standards Board without reconciliation to generally accepted accounting principles as used in the United States when contained in the filings of foreign private issuers with the Commission.

Click for SEC Meeting Notice (PDF 29k).

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