SEC roundtable on performance of IFRSs and US GAAP
31 Jul 2008
The US Securities and Exchange Commission will host a roundtable on 4 August 2008 to analyse the performance of IFRSs and US GAAP during the recent period of market turmoil.
The roundtable, which will be webcast, will consist of two panels that will include investors, issuers, auditors, and various other parties with experience in financial reporting. Representatives from the FASB and the IASB will be present as observers. US SEC Chairman Christopher Cox said:
Written submissions are invited. Click for More Information on the SEC's website.
|
This roundtable will provide the Commission with valuable insights from investors, issuers, auditors, and others about the way that both IFRS and US GAAP performed in the context of the current pressures on the marketplace. We are particularly interested in how the two sets of standards dealt with the key accounting issues in the subprime crisis, including off-balance sheet entities and fair value. |
