# Acceptance From Foreign Private Issuers of Financial Statements Prepared in Accordance With International Financial Reporting Standards Without Reconciliation to U.S. GAAP
> **US Securities and Exchange Commission** · Final rule. · Published 2008-01-04 · 73 FR 986
## Document
- **Document number:** E7-25250
- **Category:** final-rule
- **Agency:** US Securities and Exchange Commission
- **Federal Register citation:** 73 FR 986
- **CFR reference:** 17 CFR 210
- **Publication date:** 2008-01-04
- **Docket:** Release Nos. 33-8879
## Abstract

The Commission is adopting rules to accept from foreign private issuers in their filings with the Commission financial statements prepared in accordance with International Financial Reporting Standards ("IFRS") as issued by the International Accounting Standards Board ("IASB") without reconciliation to generally accepted accounting principles ("GAAP") as used in the United States. To implement this, we are adopting amendments to Form 20-F, conforming changes to Regulation S-X, and conforming amendments to other regulations, forms and rules under the Securities Act and the Securities Exchange Act. Current requirements regarding the reconciliation to U.S. GAAP do not change for a foreign private issuer that files its financial statements with the Commission using a basis of accounting other than IFRS as issued by the IASB.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2008/01/04/E7-25250/acceptance-from-foreign-private-issuers-of-financial-statements-prepared-in-accordance-with)
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