This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleagues, clients or customers, click the "Reprints" link at the top of any article.
Finance Firms Favor Global Accounting
SEC’s Shapiro says regulators' work on convergence will continue into 2012.
Major financial firms and credit ratings agencies are pushing the U.S. Securities and Exchange Commission to blend U.S. and international accounting standards into one set of practices.
At a roundtable meeting on accounting standards in Washington today, SEC Chairman Mary Schapiro called the idea “a major decision for this agency, and not one to be taken lightly.”
Copyright 2016 Bloomberg. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.