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Feds Plan to Allow Foreign Accounting Rules

Critics slam 'outsourcing' of financial protections

By Rob Quinn, Newser Staff

Posted Jul 5, 2008 7:17 AM CDT

(Newser) – Federal officials are proposing to loosen accounting regulations, allowing American companies to shift to international standards that offer more latitude in reporting earnings, the New York Times reports. The move would make businesses more competitive, the administration argues, but it would also effectively exempt them... Read full story »

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Feds Plan to Allow Foreign Accounting Rules

Critics slam 'outsourcing' of financial protections

finance • SEC • Sarbanes Oxley • accounting • regulation • securities

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More Newser Stories

SEC Wants US Firms to Switch to International Accounting

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Just Call These New Rules 'The Lloyd Blankfein Act'

Part of Obama's proposed regulations are aimed at Goldman and its CEO

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It's trying to weaken protections put in place after Enron

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