For example, companies using IAS/IFRS who want to raise capital in American capital markets
have been required to reconcile their financial statements to U.S. GAAP using SEC Form
20-F.This requirement provided the background for Amir et al. (B: 1993), Pope and Rees
(B: 1993), Bandyopadhyay et al. (B: 1994), Barth and Clinch (B: 1996) and Rees and Elgers
(B: 1997), and others to study the effects of using foreign GAAP on raising capital in the
United States. For example, Amir et al