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SEC Compliance and Reporting

SEC Staff Issues "Final Report," But IFRS Decision Still to Come

SEC Final Report

On July 13, the staff of the U.S. Securities and Exchange Commission (SEC) issued its final report on the agencyís work plan in relation to International Financial Reporting Standards (IFRS). Although the 127-page report provides analysis of six key areas, what may be most notable is that it doesnít make a recommendation as to what the SECís decision should be regarding incorporating IFRS into the financial reporting system for U.S. issuers.

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The Securities and Exchange Commission (SEC) requires public companies to file annual, quarterly, and other filings in a timely manner while complying with all applicable accounting and regulatory requirements. It is important to have a Registered Public Accounting Firm that understands this complex and time-sensitive process. The SEC Compliance and Reporting team at WithumSmith+Brown can provide you with the expertise, manpower and efficiency you need to be in a position of strength. As a firm registered with the Public Company Accounting Oversight Board (PCAOB), WS+B is among the firms nationwide that are required to meet the highest level of quality standards within our industry in order to comply with the Board's requirements and inspection process. Learn More About Our Services

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