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Intermediate Accounting,17E;Dangers of Differing National Accounting Standards;Brief History;Brief History;Brief History;In 2007, the SEC announced that it approved the use of IASB standards for the financial reports of non-U.S. companies with shares traded on U.S. stock exchanges (effective on March 4, 2008). In 2008, the SEC announced that 110 large U.S. multinational companies would drop FASB standards and begin using IASB standards starting in 2010.;Summary of U.S. GAAP/IFRS Differences;Summary of U.S. GAAP/IFRS Differences;Summary of U.S. GAAP/IFRS Differences;Summary of U.S. GAAP/IFRS Differences;Summary of U.S. GAAP/IFRS Differences;Summary of U.S. GAAP/IFRS Differences;Summary of U.S. GAAP/IFRS Differences;Summary of U.S. GAAP/IFRS Differences;Summary of U.S. GAAP/IFRS Differences;Summary of U.S. GAAP/IFRS Differences;Summary of U.S. GAAP/IFRS Differences;Summary of U.S. GAAP/IFRS Differences;Summary of U.S. GAAP/IFRS Differences;Summary of U.S. GAAP/IFRS Differences;Summary of U.S. GAAP/IFRS Differences;Summary of U.S. GAAP/IFRS Differences;Summary of U.S. GAAP/IFRS Differences;Summary of U.S. GAAP/IFRS Differences;Summary of U.S. GAAP/IFRS Differences;Summary of U.S. GAAP/IFRS Differences;Foreign Currency Financial Statements;Foreign Currency Financial Statements;Foreign Currency Financial Statements;Foreign Currency Financial Statements;Foreign Currency Financial Statements