Reconcile their earnings to us gaap for fpis

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Reference no: EM131978679

The SEC dropped the requirement that foreign private issuers who list in the U.S. have to reconcile their earnings to US GAAP for FPIs that use IFRS as published by the SEC in English. What are some of the reasons the SEC took this step? Consider implications, including costs, for companies that report on multiple stock markets. Additionally, what are potential implications of this action for users of financial statements, such as US investors?

Reference no: EM131978679

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