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:
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.
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Written submissions are invited. Click for
More Information on the SEC's website.