Abercrombie & Fitch 2015 Annual Report Download - page 16

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Table of Contents
16
Compliance with changing regulations and standards for accounting, corporate governance and public disclosure could
adversely affect our business, results of operations and reported financial results.
Changing regulatory requirements for corporate governance and public disclosure, including SEC regulations and the Financial
Accounting Standards Board’s accounting standards requirements are creating additional complexities for public companies. For
example, in July 2010, the Dodd-Frank Wall Street Reform and Consumer Protection Act ("the Dodd-Frank Act"), was enacted.
There are significant corporate governance and executive compensation related provisions in the Dodd-Frank Act that have required
the SEC to adopt additional rules and regulations in these areas.
Stockholder activism, the current political environment, financial reform legislation and the current high level of government
intervention and regulatory reform may lead to substantial new regulations and disclosure obligations. In addition, the expected
future requirement to transition to, or converge with, international financial reporting standards may create uncertainty and
additional complexities. These changing regulatory requirements may lead to additional compliance costs, as well as the diversion
of our management’s time and attention from strategic business activities and could have a significant effect on our reported results
for the affected periods.
ITEM 1B. UNRESOLVED STAFF COMMENTS
None.