What are the possible reasons for the SEC's waiver of the U.S. GAAP reconciliation for foreign registrants

Question:

What are the possible reasons for the SEC's waiver of the U.S. GAAP reconciliation for foreign registrants that followed IFRS to prepare financial statements?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Principles Of Financial Accounting IFRS Edition

ISBN: 9789814962605

3rd Edition

Authors: Earl K Stice, James D Stice, W Steve Albrecht, Monte R Swain, Rong-Ruey Duh, Audrey Wenhsin Hsu

See More Books

Question Posted: Apr 17, 2024 02:00 AM

See More Questions

Bryan Trucking Corporation began business on January 1, 20X1, and consists of the parent entity, domiciled and operating in Country X, and a subsidiary operating in Country Y. Bryan is required, as a...
In its 2014 annual report, Honda Motor Company states that its manufacturing operations are principally conducted in 22 separate factories, including 3 in Japan; the Japanese factories maintain their...
Adrian McCurdy has recently joined a consulting group that provides investment advice to the managers of a special investment fund. This investment fund was created by a number of NFPOs, all of which...
What are the pros and cons of Sephora carrying more than 200 brands of personal care products?
Are males or females more satisfied with the growth and opportunities offered by their employer? A survey of employed adults conducted online by Harris Interactive on behalf of the American...
Urea, (NH 2 ) 2 CO, is dissolved in 250.0 g of water. The solution freezes at -0.085C. How many grams of urea were dissolved to make this solution?
If we have a model for the short rate $r(t)$, show that (a) the zero coupon bond price can be calculated as: \[P(t, s)=\mathbf{E}_{t}\left[e^{\int_{t}^{s} r(u) d u}...
The curves with equations xn + yn = 1, n = 4, 6, 8, . . . , are called fat circles. Graph the curves with n = 2, 4, 6, 8, and 10 to see why. Set up an integral for the length L2k of the fat circle...
Through digital connectivity, many businesses now compete on in a global market. While the principles of marketing remain the same, strategies and tactics are very dependent on each country. It is...
Given that almost each country has its own generally accepted accounting principles, why do we need a set of internationally accepted accounting standards such as IFRS?
What does IFRS stand for? Who sets up the IFRS and are there many countries adopting IFRS? What is the advantage to adopt IFRS?
A pilot starting from Athens, New York, wishes to fly to Sparta, New York, which is 320 km from Athens in the direction 20.0 N of E. The pilot heads directly for Sparta and flies at an airspeed of...
1. Explain the problem in relying on a host's IP address for authentication. 2. Explain the Smurf attack using a sketch that shows the attacker, victim, and intermediary hosts. 3. What would be the...
We expect that a bond yield will shortly drop by 0 , 2 5 % . The bond sensitivity is 5 % , the YTM is 4 , 2 5 % and its dirty price 9 8 % . How much ( SAR ) we should pay for the investment (...
1 The Department of Trade and Industry embarked on a review of company law in South Africa in the early 21st century. Discuss the outcome of the South African Company Law for the 21st Century:...
Suppose a system uses 1KB blocks and 16-bit (2-byte) addresses. What is the largest possible file size for this file system for the following inode organizations? a The inode contains 12 pointers...
A file system can keep track of free blocks by using either a free block bitmap or a free block list. The system has a total of t blocks of size b bits, u of those blocks are used and each block...
A negatively charged particle -q is placed at the center of a uniformly charged ring, where the ring has a total positive charge Q as shown in Example 23.8. The particle, confined to move along the x...
A heat engine has a heat input of 3 Ã 104 Btu/h and a thermal efficiency of 40 percent. Calculate the power it will produce, in hp. Source 3 x 10 Btu/h 40% HE Sink
Calculate the solution set of the following system, using Gauss-Jordan elimination method (that is by transforming the augmented matrix of the system in its reduced row echelon form) (a) x+y+z+w= 5...
3.On January 1, a company retired $800,000 face value bonds at a call price of 103. The bonds were originally issued for $848,000. On the retirement date the bonds had an unamortized premium of...
On January 1 5 , 2 0 2 3 , Dave Quinn, a U . S . citizen, formed a GmbH in Germany to own and operate a building in Hamburg, Germany. Briefly discuss the answers to the following questions: a ....

What are the possible reasons for the SEC's waiver of the U.S. GAAP reconciliation for foreign registrants

Question:

Step by Step Answer:

The SECs waiver of the US GAAP reconciliation for foreign registrants that follow IFRS to prepare fi...View the full answer

Principles Of Financial Accounting IFRS Edition

Students also viewed these Business questions