All proceeds from the auction will finance research, organize scientific roundtables and fund International Collaborative Effort (ICE).

FORBES: Charity Watch Auction in Monaco Raises $6.2M for MD Research

Summary: Although convergence between US generally accepted accounting principles (GAAP) and International Financial Reporting Standards (IFRS) has been the subject of much debate and collaborative effort, it is still unclear when the US Securities and Exchange Commission (SEC) will make a determination about how to proceed, or what its final decision is likely to be.

FORBES: Finance