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| Cracks in the SEC proposal? |
European business wants the Securities and Exchange Commission to accept IFRS as adopted in the European Union – not as in its recent proposal.
A group of 17 European business organizations, including the Union of Issuers Quoted in Europe and the European Association for Listed Companies, has told the SEC that it needs to correct a technical problem in its IFRS proposal.
The SEC proposed in July to exempt companies with IFRS financial statements...