The Securities and Exchange Commission and the Committee of European Securities Regulators have put out a work plan covering implementation of GAAP and International Financial Reporting Standards.
With the United States and Europe moving toward converging financial reporting standards globally, regulators worldwide are scrambling to harmonize their efforts, too.
Like Robert Herz and Sir David Tweedie, of the Financial Accounting Standards Board and the International Accounting Standards Board, the heads of the Securities and Exchange Commission and the Committee of European Securities Regulators (CESR) have begun making joint statements for public consumption. Can an international standards setter finance be far behind?
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