On the heels of the Securities and Exchange Commission's decision to temporarily postpone the filing date for smaller accelerated filers' management reports on internal controls, the commission's chief accountant hinted this week that foreign issuers could also get a reprieve on implementing the new rules.

In a Dec. 6 speech before attendees at the American Institute of CPAs National Conference on Current SEC and PCAOB Developments, chief accountant Donald Nicolaisen said that the commission will be sensitive to the needs of foreign private issuers as they move to adopt international accounting standards.

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