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SEC To Discuss Concept Release on Whether to Allow Registrants Choice of US GAAP or IFRS

On July 25, 2007, the SEC will discuss the possibility of issuing a proposal that would allow registrants the ability to choose from US GAAP or IFRS in submitting financial statements in filings with the agency. Recently, the SEC issued a proposal to eliminate the IFRS-to-US GAAP reconciliation for foreign issuers. The SEC will also discuss possible changes to rules regarding shareholder proposals.

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Filed under: REAL WORLD

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