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Archive 2009

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November 17, 2009

SEC’s Casey: Accounting convergence must continue

U.S. and international accounting rulemakers must continue to get support for development of a single set of high quality global accounting standards, a top U.S. securities regulator said on Tuesday. U.S. SEC Commissioner Kathleen Casey, one of five commissioners who makes decisions on federal securities rules, said that while the agency is still deciding on whether to eventually require U.S. companies to join the more than 100 other countries using IFRS, investors still need a single set of rules for global companies.
http://www.reuters.com/article/bondsNews/idUSN174752520091117

Reuters

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