SEC encourages IFRS use.
This accommodation reflects the commission's support of the IFRSs, which numerous foreign governments, including the European Union, are adopting. As a result, many foreign companies must change their basis of accounting and file Form 20-E The accommodation retains current requirements for reconciling financial statement items to U.S. GAAP.
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|Publication:||Journal of Accountancy|
|Date:||Jun 1, 2005|
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