Europe and US agree GAAP reconciliation roadmap

European companies seeking listings in the US could avoid the need to reconcile their figures to US generally accepted accounting principles (GAAP) as soon as 2007, following a deal between the European Commission and the US Securities and Exchange Commission.

Meeting in Washington DC this week, officials involved in the EU-US Financial Markets Regulatory Dialogue agreed a roadmap setting them on the road to equivalence for International Financial

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