The world may not like it, but Uncle Sam wants to ease its way into adopting international accounting standards.

Recently the Securities and Exchange Commission said it would decide in 2011 if it would adopt international standards, adding that adoption would not come before 2015. The proposition seems simple enough, but even though the International Financial Reporting Standards are used--or soon to be used--by more than 110 countries, the United States is the only major economy that's holding out.

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