Your English writing platform
Discover LudwigSuggestions(2)
Exact(3)
Though foreign accounting standards are stronger in some ways than American accounting principles, they are weaker in some important areas.
Christopher Cox, the S.E.C. chairman who pushed to allow foreign accounting standards to be used as rapidly as possible, said the commission would listen to public opinions as to whether to allow American companies to choose the international rules.
If confirmed by the Senate, Mr. Pitt will face a host of difficult regulatory issues arising from globalization of the securities markets, like whether to accept foreign accounting standards, and from advances in technology, like the migration of securities trading from the exchanges to the Internet.
Similar(57)
Our results confirm that opting for one or two alternative formats is related to internationalization, influenced by several factors: size, international auditor, accounting standards, foreign listing and international sales.
The S.E.C. revised its accounting rules to permit use of international accounting standards by foreign issuers and to freely permit these companies to leave the American markets if they thought United States regulation was too burdensome.
A proposal to allow foreign companies to use international accounting standards in filings with United States regulators has run into opposition from two disparate groups — European companies that believe the plan does not go far enough, and American investors who believe it is premature.
Supposedly, currency exchanges and accounting standards for foreign firms have been a real issue for investors.
He unsuccessfully fought efforts to hold foreign companies to the same tough accounting standards as domestic ones.
He cautioned that some acquisitions were foreign companies that had not complied with American accounting standards, so the disclosures might be complicated and possibly misleading to investors.
The Securities and Exchange Commission voted yesterday to change its rules to encourage foreign companies, particularly European ones, to adopt international accounting standards, and made clear at the same time that it would consider only financial reports that fully followed such rules.
The Zedillo government did belatedly tighten supervision and accounting standards and lifted the ban on foreign commercial banks.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com