In November 2007 which organization removed the requirement that foreign private issuers reconcile their financial statements to U.S.GAAP?

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The Securities and Exchange Commission (SEC) removed the requirement that foreign private issuers reconcile their financial statements to U.S. Generally Accepted Accounting Principles (GAAP) in November 2007. This change allowed foreign private issuers to use International Financial Reporting Standards (IFRS) without reconciling to U.S. GAAP.

In November 2007 Which Organization Removed the Requirement That Foreign