SEC Chief Accountant speaks about IFRSs at biannual Forum of National Standard Setters
23 Sep 2010
Last weekend's biannual Forum of National Standard Setters, held behind closed doors in Rome, had a presentation from Jim Kroeker, Chief Accountant, Office of the Chief Accountant at the SEC, and his Deputy, Paul Beswick, as its highlight and opening address.
This rare appearance of the SEC's accounting experts only weeks before the SEC is expected to release a progress report on the Workplan which aims to prepare the ground for a decision over whether or not the US will transition to IFRS raised expectations. The presentation did not disappoint. Both men were appropriately guarded in their comments but left the audience with the impression that no insurmountable problems had been identified.
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