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SEC Delays Plan to Adopt International Accounting Standards
Business Insurance; free registration requiredLink to more items from this source
Feb. 25, 2010
Excerpt: The U.S. Securities and Exchange Commission is grappling with how to move to one set of high-quality, globally accepted accounting standards. Under the previous plan, the SEC would have allowed U.S. companies to use the international rules as early as 2014. But industry and investors told the SEC that U.S. companies would need about four to five years to implement the changes successfully, thus pushing the date out to 2015.

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