Hans Hoogervorst, chairman of the International Accounting Standards Board (IASB), sought in his first U.S. speech to reassure America that giving up sovereignty in accounting rulemaking would not mean a loss of influence for the world’s biggest capital market….Hoogervorst said U.S. sovereignty would be protected by the SEC having a final say before any IASB rule is introduced.
Read more: Global accounting rule setter courts U.S. support — Reuters
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