Securities and Exchange Commission Chief Accountant Donald T. Nicolaisen said his agency would soon embark on a process aimed at helping investors distinguish between bad restatements and those that are made simply because of changes in accounting policy, Dow Jones reported.

The initiative, according to Nicolaisen, could help accounting standard-setters through a proposal that would require U.S. companies to conform to the international policy of applying any accounting changes retroactively.

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