Those looking for a little “light” summer reading can count on the Securities and Exchange Commission to deliver.
One of the latest installments in the Commission’s recent flurry of rulemaking is its 121-page proposal to allow foreign private issuers to file financial statements prepared in accordance with International Financial Reporting Standards without a reconciliation to U.S. Generally Accepted Accounting Principles, which is likely to be of interest to both domestic and foreign issuers.
