View all text of Subchapter I [§ 7211 - § 7220]
§ 7218. Accounting standards
(a) Omitted
(b) Commission authority
(c) No effect on Commission powers
(d) Study and report on adopting principles-based accounting
(1) Study
(A) In general
(B) Study topics
The study required by subparagraph (A) shall include an examination of—
(i) the extent to which principles-based accounting and financial reporting exists in the United States;
(ii) the length of time required for change from a rules-based to a principles-based financial reporting system;
(iii) the feasibility of and proposed methods by which a principles-based system may be implemented; and
(iv) a thorough economic analysis of the implementation of a principles-based system.
(2) Report
(Pub. L. 107–204, title I, § 108, July 30, 2002, 116 Stat. 768.)