Fri Aug 22, 2:28 PM ET WASHINGTON (Reuters) - U.S. companies would be able to file financial results using international accounting standards according to a timetable U.S. securities regulators will propose next week.The U.S. Securities and Exchange Commission will meet on Wednesday to review a long-anticipated plan to move toward International Financial Reporting Standards (IFRS) and away from U.S. Generally Accepted Accounting Principles (GAAP).
About 110 countries use or plan to use the international accounting standards which are considered more flexible than GAAP.
Read More
