The soonest companies could start using international standards would be in 2015 instead of 2014 -- but even that date is not certain.
U.S. District Judge Jed Rakoff approved the accord but also lamented its deficiencies, calling it "half-baked justice at best."
The commission is considering rules that would restrict short selling of a stock if it fell by more than a certain percentage.
International taxation outranks all other concerns for corporate tax departments in 2010, a survey finds.
Oil giant will freeze the salaries of its CEO and CFO until 2011 in addition to implementing new bonus guidelines.