SEC hearings on allowing US companies to use IFRSs

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16 Nov 2007

The US Securities and Exchange Commission will convene two roundtables, on 13 December 2007 and 17 December 2007, to collect more feedback from the public on the issue of giving US domestic issuers the option to submit financial statements prepared in conformity with IFRSs.

Foreign SEC registrants now have that option (see next news story). In July 2007, the SEC issued a Concept Release inviting comment on whether to allow US issuers to prepare IFRS financial statements.


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