Currently, only 40 of the 1,200 foreign private issuers that file with the SEC use IFRS to prepare financial statements for American investors. In an SEC statement released in late April, Nicolaisen ...

Have There Been Benefits to the Convergence Process? Gven this background, the purpose of this discussion is twofold: to provide a review of the events surrounding the convergence movement over the ...

We are rapidly heading towards a world where there are two main financial reporting systems ? US GAAP accounting, used by the largest part of the global capital market, and International Financial ...

Thanks to all for your public service, which is especially vital now that the economy is weak, the capital markets shell-shocked, and the commission under attack for mistakes that occurred long before ...

The Committee of European Securities Regulators (CESR) has published a report, requested by the EU Commission, on the work programmes of the Canadian, Japanese and US standard setters, the definition ...

It’s become clear throughout the past five years that GAAP and financial reporting in the United States are on a clear path toward change in the form of a convergence with the International Financial ...