SEC proposes international accounting plan (Washington Post) WASHINGTON -- Federal regulators on Wednesday proposed a plan to allow public companies to begin using international accounting standards for reporting financial results in two years, and may require them to do so starting in 2014.
U.S. Moves Toward International Accounting Rules (New York Times) The Securities and Exchange Commission moved Wednesday to allow some large American companies to begin using international accounting standards as early as next year, and to require all American companies to do so by 2016.
SEC May Let Companies Abandon U.S. Accounting Rules (Update1) (Bloomberg.com) Aug. 27 (Bloomberg) -- The Securities and Exchange Commission may let large U.S. companies switch to international accounting rules in six years, a step it says will lower compliance costs and make American firms more competitive.
