I did and still do consulting outside the United States. I never have a problem reading financial statements overseas, though I work in a dozen countries with five different languages, because the non-American companies all use the same International Accounting system. They all have the same chart of accounts. I can read financial statements without knowing the language they are written in.
The SEC is considering a proposal to allow foreign companies to use the International Accounting standards for their SEC reporting and annual report filings.
I support his move 100%. It will probably lead to some American companies feeling free to do the same thing. Another good thing in a global, English speaking, American dominated, commercial world.
Write your letters of support for permission to use International Accounting standards to: Christopher Cox, Chair SEC firstname.lastname@example.org