SEC Soliciting Public Comment on Eliminating Reconciliation Requirement for IFRS Financial Statements

by Sabrina I. Pacifici on July 3, 2007

Press release: “The Securities and Exchange Commission has published for public comment a proposal to eliminate the current requirement that foreign private issuers filing their financial statements using International Financial Reporting Standards (IFRS) as published by the International Accounting Standards Board (IASB) also file a reconciliation of those financial statements to U.S. Generally Accepted Accounting Principles (U.S. GAAP). The Commission voted unanimously on June 20, 2007, to issue the proposal for public comment.”

  • Proposing Release
  • Staff Observations Report
  • Staff Review Correspondence
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