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Chief Accountant to leave SEC

  • SEC (US Securities and Exchange Commission) Image

May 16, 2014

The SEC has announced that Paul A. Beswick, the agency's chief accountant, will leave the SEC to return to the private sector.

Mr. Beswick was appointed acting chief accountant in the SEC's Office of the Chief Accountant in July 2012 after James L. Kroeker left. He was named to the position permanently in December 2012.

Mr. Beswick served as staff director on the multi-year effort to help the Commission evaluate the implications of incorporating IFRSs into the financial reporting system for U.S. companies and the beginning of his term saw the publication of the SEC final staff report, Work Plan for the Consideration of Incorporating IFRSs into the Financial Reporting System for U.S. Issuers, on July 13, 2012. However, since then the SEC has not announced any further steps in this regard.

The SEC has not yet named Mr. Beswick's successor.

For more information, see the press release on the SEC's Web site.

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