SEC sets the stage for off-shoring financial reports...

[HereSince1628]

Caught this while catching up on yesterday's other news...

- - - - - - - - - - - - - - - -
UPDATE: SEC's Cox Backs 2009 Start To Accepting Non-US Accounting
Tuesday 03/06/2007 1:09 PM ET - Dow Jones News
(Updates with comments from SEC meeting, starting in fourth paragraph) By Judith Burns
Of DOW JONES NEWSWIRES

WASHINGTON -(Dow Jones)- U.S. regulators still plan to begin accepting financial reports from foreign firms that use international accounting methods, eliminating the need for the firms to use U.S. standards, Securities and Exchange Commission Chairman Christopher Cox said Tuesday.