EU Cos. Want Inclusive SEC Accounting Standards

Law360, New York (September 24, 2007, 12:00 AM EDT) -- Hoping their market clout will sway the U.S. Securities and Exchange Commission, a coalition of European business associations has called the agency’s recent move toward internationalizing its accepted accounting standards a step in the right direction but ultimately insufficient.

A slew of organizations—among them Deutsches Aktieninstitut, European Association for Listed Companies, Middlenext, Association Française des Entreprises Privées, Aktienforum, Associazione fra le societe’ italiane per azioni and others—sent their last-minute letter to the agency Friday at the tail end of the 75-day public comment period triggered by...
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