Wednesday, April 20, 2011
The SEC staff announced that it will sponsor a roundtable on July 7 to discuss benefits or challenges in potentially incorporating International Financial Reporting Standards (IFRS) into the financial reporting system for U.S. issuers. The event will feature three panels representing investors, smaller public companies, and regulators. The panel discussions will focus on topics such as investor understanding of IFRS and the impact on smaller public companies and on the regulatory environment of incorporating IFRS. A final agenda including a list of participants and moderators will be published closer to the event date. The roundtable will be open to the public with seating on a first-come, first-served basis, and will be available via webcast on the SEC website.
The SEC staff welcomes feedback on the topics to address at the roundtable and suggestions for potential roundtable participants.