FEI conference to highlight international accounting issues
Sep 04, 2001
The Current Financial Reporting Issues Conference organised by Financial Executives International is one of the major annual US symposiums on accounting and finance.
- Keynote Address: "Global Accounting Standards" by Paul Volcker, Chairman, Trustees, IASC Foundation
- A General Session on "Implications of IAS for US Companies and Capital Markets"
FEI believes that US capital markets are better served by having foreign registrants use an investor-oriented accounting model like IAS in the primary financial statements rather than providing bits and pieces of financial data that reconcile to US GAAP supplementally. We also believe that the expanded use of IAS in world markets, which is much more likely to occur with SEC acceptance in the US, will further improve the comparability of financial results between US and foreign companies. We would therefore support the Commission's acceptance of IAS for use in US capital markets, provided that the following additional steps are taken: