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Sarbanes-Oxley News & Developments
U.S., E.C. Eye Roadmap to ConvergenceForeign public issuers that follow international financial reporting standards would not be required to reconcile to U.S. GAAP.
> > William Donaldson, chairman of the SEC has discussed a "roadmap" with Charles McCreevy, the European Union Internal Market Commissioner that would eventually permit foreign public issuers not to reconcile to U.S. GAAP, provided that they follow international financial reporting standards, according to the SEC.
Source: CFO
Published:2005-04-25
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