December 21, 2007
And now its final final: The SEC adopts IFRS
Posted by David Zaring

As things quiet down for the holidays, the short posts keep coming.  The SEC has released the text of the final rule permitting foreign issuers to use foreign accounting standards when selling to US investors.  I still say it's a sea change, here's Larry Cunningham with much more insight.

Here's what the SEC said in the preamble of the final rule: "The Commission is adopting rules to accept from foreign private issuers in their filings with the Commission financial statements prepared in accordance with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board (“IASB”) without reconciliation to generally accepted accounting principles (“GAAP”) as used in the United States."  HT: Securities Mosaic

Securities | Bookmark

TrackBacks (0)

TrackBack URL for this entry:
http://www.typepad.com/services/trackback/6a00d8345157d569e200e54fc025598834

Links to weblogs that reference And now its final final: The SEC adopts IFRS:

Bloggers
Papers
Posts
Recent Comments
Popular Threads
Search The Glom
The Glom on Twitter
Archives by Topic
Archives by Date
September 2016
Sun Mon Tue Wed Thu Fri Sat
        1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30  
Miscellaneous Links