An SEC Timetable for Global Accounting Rules

A road map has been tentatively set up by a unanimous commission allowing U.S. companies to adopt international accounting standards

In an important move that some companies regard as vital to staying globally competitive—and critics view is a troubling sign that Washington wants to outsource its authority to lax regulators abroad—the Securities & Exchange Commission is proposing a specific timetable for allowing companies to adopt international accounting standards.

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