Concept – T/F SEC Requirements
Financial Accounting and Intermediate Accounting
Spiceland, Nelson, and Thomas and Spiceland, Thomas, and Herrman
05th Edition, 06th Edition, and 10th Edition
Is it true that in 2007, the SEC eliminated the requirement for foreign companies issuing stock in the U. S. to include and disclose a reconciliation of IFRS to GAAP in their financial statements?