Forty percent of CEOs surveyed by Grant Thornton agree with the Securities and Exchange Commission's decision to allow foreign firms listed on U.S. exchanges to file financial statements in accordance with International Financial Reporting Standards, without reconciling them to U.S. generally accepted accounting principles.
When asked about the SEC's decision, 16 percent of the 250 U.S. CEOs polled by Grant Thornton said they strongly agreed and 24 percent somewhat agreed. Thirty-one percent were on the fence, neither agreeing nor disagreeing. Another 20 percent said they somewhat disagreed while 9 percent strongly disagreed.
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