Hello.
I read some sources that US GAAP reconciliations is time-consuming and expensive to apply.
According to jyac.com:
"Private companies have long argued that U.S. Generally Accepted Accounting Principles (GAAP) are too expensive to apply and that the results are often of marginal benefit to end users."
another source from Wikipedia about cross-listing:
"Meeting SEC disclosure requirements and preparing US-GAAP reconciliations were cited as the most important disadvantages.........On the question of what deters them from an official US listing, they mentioned the time-consuming and expensive US-GAAP reconciliations as well as listing fees as the hardest impediments. Additional disclosure requirements were cited as less difficult to overcome."
Could anyone give me the key indicators and more specific examples about it?. Also where can I get more info about it besides the two source above?
Thank you very much.
I read some sources that US GAAP reconciliations is time-consuming and expensive to apply.
According to jyac.com:
"Private companies have long argued that U.S. Generally Accepted Accounting Principles (GAAP) are too expensive to apply and that the results are often of marginal benefit to end users."
another source from Wikipedia about cross-listing:
"Meeting SEC disclosure requirements and preparing US-GAAP reconciliations were cited as the most important disadvantages.........On the question of what deters them from an official US listing, they mentioned the time-consuming and expensive US-GAAP reconciliations as well as listing fees as the hardest impediments. Additional disclosure requirements were cited as less difficult to overcome."
Could anyone give me the key indicators and more specific examples about it?. Also where can I get more info about it besides the two source above?
Thank you very much.