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IFRS |
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Securities and Exchange Commission (SEC) does, IFRS may make it easier for both Canadian and European companies to access American capital markets. Limited amendments to IAS 39, Financial Instruments: Recognition and Measurement, and IFRS 4, Insurance Contracts, are intended to ensure issuers of financial guarantee contracts include related liabilities in their balance sheets. The SEC has long permitted companies to use IFRS provided that the figures representing their companies' operations were reconciled with the United States' Generally Approved Accounting Practices (GAAP) over a three-year period. |
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