SEC Still Looking Into Unified Reporting Rules, White Says

Law360, Washington (March 19, 2014, 5:13 PM EDT) -- U.S. Securities and Exchange Commission Chair Mary Jo White said Wednesday that her agency will work toward considering more uniform standards for financial reporting, several years after the SEC balked at supporting so-called International Financial Reporting Standards for domestic issuers of securities.

In remarks at the U.S. Chamber of Commerce’s eighth annual Capital Markets Summit, White said the SEC would make “robust global standards” for financial accounting a priority in 2014, while adding that such a task is easier said than done.

“On the issue of...
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