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IFRS Becoming a Reality: International Financial Reporting Standards |
July 22, 2008
Previously published on July 2, 2008
In December 2007, the Securities and Exchange Commission ("SEC") released a final rule allowing foreign private issuers to use financial statements prepared in accordance with International Financial Reporting Standards ("IFRS") as issued by the International Accounting Standards Board ("IASB") without reconciliation to US generally accepted accounting principles ("US GAAP").
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The views expressed in this article are solely the views of the author and not Martindale-Hubbell. This article is intended for informational purposes only and is not legal advice or a substitute for consultation with a licensed legal professional in a particular case or circumstance. |
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