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[print version]
FAF, FASB To Host Forum On Global Accounting Standards
April 17, 2008
FEI Summary
On April 17, 2008, the Financial Accounting Foundation (FAF) and the Financial Accounting Standards Board (FASB) announced they will host a forum entitled High-Quality Global Accounting Standards: Issues and Implications for U.S. Financial Reporting. The event will take place Monday, June 16, 2008, from 9 a.m. to 4 p.m., at Baruch College, Vertical Campus, 55 Lexington Avenue, New York, NY.
"The purpose of the forum," states the FAF's announcement, "is for the FAF and the FASB to open a dialogue with constituents about whether and how to continue to move the U.S. toward high-quality global accounting standards. Panelists will include users of financial statements, representatives of small and large companies both public and private, auditors, regulators, educators, and others representing facets of the U.S. economy that would be affected if there were a move from U.S. Generally Accepted Accounting Principles (GAAP) to International Financial Reporting Standards (IFRS).
Space is limited at the FAF program, and preregistration is required; the event will also be webcast. Further details are in the FAF press release.
Separately, as previously announced, FEI is holding a conference on June 5, 2008 in New York City entitled, "The World Is Moving to IFRS - Are You?" The FEI conference will feature a keynote address by John White, Director of the Division of Corporation Finance of the U.S. Securities and Exchange Commission (SEC), on the status of the SEC's 'roadmap' to consider permitting - or requiring - U.S. companies to file with the SEC in IFRS. Senior technical staff of the FASB and IASB are also participating on panels at the conference, as well as leading financial executives, auditors and other experts. Space at this program is also limited, see the agenda and registration information for the FEI conference at www.financialexecutives.org/ifrs.
Prepared April 17, 2008 by Edith Orenstein, Director, Technical Policy Analysis, Financial Executives International (FEI). This summary does not represent FEI opinion unless specifically noted above.
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