Two days after the oil firm's IPO, the Commission on International Religious Freedom sent a letter to the Securities and Exchange Commission, the body that vets stock listings, asking the SEC to investigate the "accuracy and adequacy" of Sinopec's filing.

CENTERFORSECURITYPOLICY: Center For Security Policy

Panic's connections in Eastern Europe have been vital to ICN's international pharmaceutical business, but he has been under investigation by the Securities and Exchange Commission for years.

FORBES: Biotech Briefing: ICN Pharmaceuticals

All the more reason, then, for the U.S. Securities and Exchange Commission to boost investor confidence by simplifying accounting practices for international firms, an issue the regulatory agency will address this week.

FORBES: Going Global With Accounting

According to documents filed Monday with the U.S. Securities and Exchange Commission, the IPO would be conducted by MGM Resorts International's joint venture with Pansy Ho, a local entity, though the timing and terms have not been determined.

FORBES

On July 13th the staff of the Securities and Exchange Commission (SEC) released a long-awaited report on whether America should adopt international financial reporting standards (IFRS), which are accepted by over a hundred countries.

ECONOMIST: Global accounting standards