Global accounting rule setter courts U.S. support

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