US - SEC Approves Statement on Global Accounting Standards

The US Securities and Exchange Commission has voted to issue a statement that lays out its position regarding global accounting standards and makes clear that the Commission continues to believe that a single set of high-quality globally accepted accounting standards would benefit US investors. (Read the SEC Press Release, which includes the Commission Statement in Support of Convergence and Global Accounting Standards, Text of Chairman's Statement and the related video - Chairman Schapiro Discusses Global Accounting Standards.)