Heads Up on AICPA SEC-PCAOB conference
19 Dec 2009
Annually, the AICPA hosts a conference featuring speeches by, and question-and-answer sessions with, members of the SEC, PCAOB, FASB, IASB, and professionals from various industries. Deloitte United States has published a 47-page Heads Up Newsletter that extracts key insights from nearly 26 hours of material presented during this year's AICPA National Conference on Current SEC and PCAOB Developments held on 7 to 9 December.
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If you are like many of us observing the actions of the SEC, you are wondering what date the Commission will set (and whether it will set a date at all) for public companies in the United States to make the switch from US GAAP to International Financial Reporting Standards (IFRSs). Well, if you are reading this publication for clues about that magical date, you will be disappointed. At this year's conference, the SEC did not provide much information on a new IFRS roadmap. However, the SEC and other presenters had a lot to say on a host of other topics. In the Executive Summary below, we cover the major themes discussed at the conference; later sections outline speeches in more detail by subject matter. |
