The Securities and Exchange Commission moved Wednesday to allow some large American companies to begin using international accounting standards as early as next year, and to require all American companies to do so by 2016.
The commission voted unanimously to propose for comment a “road map” for conversion, with eventual adoption depending in part on revised provisions for financing the group that writes the international standards.
The adoption of international accounting standards by the United States would move the world toward one set of standards, which should make it easier for investors to compare companies operating in differing regions, and make it easier for firms to raise capital in whatever market seems most attractive.
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