Swift convergence of IFRS and GAAP needed


Currently, only 40 of the 1,200 foreign private issuers that file with the SEC use IFRS to prepare financial statements for American investors.

In an SEC statement released in late April, Nicolaisen says because a critical mass of SEC filings will soon contain financial statements prepared under IFRS, the SEC staff will consider possible changes to financial statement filing requirements.

He says the SEC’s goal to eliminate its requirement for foreign private issuers to reconcile their financial

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Investment banks: the future of risk control

This Risk.net survey report explores the current state of risk controls in investment banks, the challenges of effective engagement across the three lines of defence, and the opportunity to develop a more dynamic approach to first-line risk control

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