International access to U.S. capital markets--an AAA Forum on accounting policy.

Key Points

• The aim is to highlight the importance of international accounting standards for fair financial statement comparisons across nations.
• Discussion on international accounting standards and their importance for financial comparability.
• Evaluation of the role of these standards in the efficiency of capital markets.
• Examination of the International Organization of Security Commissions.
• International accounting standards enhance comparisons of financial statements across countries.
• Standardization influences the efficiency of global capital markets.
• The composition of security commissions plays a role in adopting these standards.