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SEC Considers Throwing Out U.S. GAAP Reconciliation For Foreign Private Issuers Using International Financial Reporting Standards  


Author:  Staff Editors.


Source: Volume 21, Number 02, November/December 2007 , pp.41-46(6)




Journal of Taxation and Regulation of Financial Institutions

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Abstract: 

The Securities and Exchange Commission has proposed accepting from foreign private issuers their financial statements prepared in accordance with International Financial Reporting Standards (IFRS) published by the International Accounting Standards Board (IASB) without reconciliation to generally accepted accounting principles as used in the U.S. (U.S. GAAP).

Keywords: Reconciliation requirements; International financial reporting standards

Affiliations:  .

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