Merits of IFRS debated at US NASD symposium

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12 Feb 2003

The NASD – the private-sector self-regulatory organisation for the United States securities industry, stock brokers, and brokerage firm – sponsored an international symposium on "Global Adoption of International Accounting Standards" at the Harvard Law School on 3 February 2003. The purpose of the symposium was to provide a forum at which international business and regulatory leaders could debate the merit and need for establishing a set of internationally accepted accounting standards.

Among those participating were Sir David Tweedie, Chairman of the International Accounting Standards Board; Robert Herz, Chairman, Financial Accounting Standards Board; Howard Davies, Chairman of the UK's Financial Services Authority; Henry Paulson, Jr., Chairman and CEO of Goldman Sachs; Roel Campos, SEC Commissioner; Peter Fisher, US Treasury Undersecretary; and Robert Glauber, Chairman and CEO of NASD. The symposium was the first in a new NASD International Symposium Series on Transparency in Capital Markets. NASD News Release.

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