Subject: File No. 4-600
From: Samuel W Reed
Affiliation: Financial Reporting Director, Michael Baker

May 27, 2011

The condorsement approach appears to be the most reasonable method for aligning US GAAP with IFRS. It achieves the goal of a single set of standards while maintaining both quality and sovereignty in domestic financial statements. It also appears to make the burden of transition easier to bear for both large and small reporting entities.