Donaldson, Levitt diverge on convergence

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23 Feb 2006

During a panel discussion on 22 February 2006, two former chairmen of the US Securities and Exchange Commission, William Donaldson and Arthur Levitt, offered differing opinions on the benefits and likelihood of international convergence of accounting standards.

Two other former SEC chairmen, Harvey Pitt and Richard Breeden, also participated in the panel discussion, which was held at the Council on Foreign Relations in New York and sponsored by McKinsey & Co. Here is the Link to the Report of the panel discussion.

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