Financial Statement Reporting (cont'd)
{"Image DocumentName": "Financial Statement Reporting (cont\u2019d)", "Image ImageDescription": "In the past, certain FPIs were permitted to omit segment data from their financial statements that were otherwise prepared in accordance with U.S. GAAP pursuant to Item 17 of Form 20-F, but the SEC has eliminated this accommodation. However, Item 17 compliance will still be permitted for non-issuer financial statements such as those pursuant to Rules 3-05, 3-09, 3-10(i) and 3-14 of Regulation S-X, as well as non-issuer target company financial statements included in Forms F-4 and proxy statements. Item 17 will also continue to be permitted for pro forma information pursuant to Article 11 of Regulation S-X. An FPI that prepares financial statements in accordance with U.S. GAAP is now required to provide financial information to the SEC in XBRL data format (as well as post XBRL data on its publicly available website). Detailed tagging of footnotes and schedules for fiscal periods ending on or after June 15, 2012 is also required. An FPI that prepares financial statements in accordance with IFRS as issued by the IASB will not be required to provide financial information in an interactive data format using XBRL until the SEC specifies the XBRL taxonomy for IFRS financial statements.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}