S. listing.

Present Status:

A lot of nations are moving on to IFRS in the wake of the regulatory developments for adopting the same. The Security and Exchange Commission -- SEC's non-requirement of foreign firms reporting under IFRS to deposit reconciliation to the U.S. GAAP is also facilitating the process. The SEC concurrently is also actively examining the possibility whether to allow, or maybe sooner or later need, some or all companies registered in the U.S. To ready filings using the IFRS thereby reconciling to the U.S. GAAP. It is a fact that earnings under U.S. GAAP and IFRS are comparable across earnings attributes leaving aside relevance. Besides, the variation among U.S. GAAP and IFRS reconciled earnings is valued incrementally relevant to U.S. GAAP or IFRS earnings. It is also found that U.S. GAAP demonstrate increased relative information content compared to IFRS, indicating that suspending reconciliation of IFRS to U.S....
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