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Chief Accountant to leave SEC

  • SEC (US Securities and Exchange Commission) (dark gray) Image

16 May 2014

The US Securities and Exchange Commission (SEC) has announced that Paul A. Beswick, the agency's Chief Accountant, will leave the SEC to return to the private sector.

Mr Beswick was named acting chief accountant in the SEC's Office of the Chief Accountant in July 2012 after James L. Kroeker left. He was named to the position permanently in December 2012.

Mr Beswick served as staff director of the multi-year effort to help the Commission evaluate the implications of incorporating IFRSs into the financial reporting system for US companies and the beginning of his term saw the publication of the SEC final staff report Work Plan for the Consideration of Incorporating IFRSs into the Financial Reporting System for U.S. Issuers on 13 July 2012. However, since then the SEC has not announced any further steps in this regard.

The SEC has not yet named Mr Beswick's successor.

Please click for the press release on the SEC website.

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