US SEC plans roundtable discussion of the 'roadmap'

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14 Feb 2007

On 6 March 2007, senior SEC staff members from the Office of the Chief Accountant, the Division of Corporation Finance, and the Office of International Affairs will hold a roundtable discussion on the 'roadmap' regarding IFRSs.

The roadmap is a plan for eliminating the need for non-US SEC registrants that file IFRS financial statements to reconcile to US GAAP. That plan was first articulated by then SEC Chief Accountant Donald Nicolaisen in April 2005. The 6 March 2007 roundtable will be moderated by Conrad Hewitt, the SEC's Chief Accountant, and John W. White, Director of Corporation Finance. It will be held at the SEC's offices in Washington, DC, and will be open to the public.

The roundtable will consist of three panels organised to address each of the following issues with respect to the roadmap:

  • the effect on the capital raising process in the US capital markets;
  • the effect on issuers in the US capital markets; and
  • the effect on investors in the US capital markets.

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