(February 16 – 17:10 ET) – The Securities and Exchange Commission is looking for input from domestic and foreign parties on the possibility of adopting International Accounting Standards Committee (IASC) standards. At present, the current rule demands reconcilliation in U.S. GAAP.

The SEC is seeking comment on the quality of the international standards and the supporting infrastructure that is necessary in a world where issuers and auditors are both multinational firms that report financial information in many countries.

It particularly the SEC wants comment from issuers, auditors and investors that have experience with IASC standards. The release is out for a 90-day public comment period.
-IE Staff