Defining what each of those terms means in an operational fashion will be a difficult undertaking for the Board. FEI has consistently opposed the conclusions that the Board has reached in this project and has questioned whether the resulting standard will be operational. Now is a great time to help us help you address your most critical IT decision-making challenges. This year's event will be focused on how financial executives can be catalysts of change in the Internet economy. Last week our Committee on Corporate Reporting filed an important comment letter with the SEC, which is considering the acceptability of the recently adopted set of international accounting standards.
Foreign registrants file interim statements only as often as required in their local country.
While the ultimate goal of one global GAAP for all companies is coming, the intermediate steps are going to be a challenge. We also believe that the expanded use of IAS in world markets, which is much more likely to occur with SEC acceptance in the U.S., will further improve the comparability of financial results between U.S. and foreign companies. Require that foreign registrants comply fully with the same regulations that apply to U.S. public companies, including reporting U.S. or IAS GAAP financial statements for all interim periods. Actively support processes that will accelerate the development of a single set of global accounting standards that will be used in all securities markets. Ensure that U.S. and foreign registrants are treated equally in all respects under federal securities laws, including the right of all registrants to follow IAS standards.