Our lawyers provide innovative and practical counsel on a wide variety of capital raising and securities law compliance matters. We represent clients ranging from emerging private companies to established public companies. With each, we build long-term relationships, generating efficiencies and helping them realize their business goals.
SEC Update: SEC Approves Rule Changes to Eliminate Reconciliation Requirement for IFRS Financial Statements
November 16, 2007
On November 15, 2007, the SEC approved rule changes to allow foreign private issuers to file financial statements prepared under International Financial Reporting Standards ("IFRS") without reconciliation to U.S. generally accepted accounting principles ("U.S. GAAP"). The IFRS financial statements must be in full compliance with the English language version of IFRS, as published by the International Accounting Standards Board.