U.S. Securities & Exchange Commission
SEC Seal
Home | Previous Page
U.S. Securities and Exchange Commission

Agenda for Roundtable on International Financial Reporting Standards, July 7, 2011

10:00-10:15 a.m. Opening Remarks — James Kroeker, Chief Accountant
10:15-11:45 a.m. Panel 1— Investor Understanding and Knowledge of IFRS
  • U.S. investors’ current knowledge of IFRS and preparedness for potential incorporation
  • How and when U.S. investors educate themselves on changes in accounting standards
  • Extent, logistics, and timing necessary to undertake changes to improve investor understanding of IFRS
  • Potential methods of incorporation
11:45 a.m.-1:00 p.m. Lunch Break
1:00-2:30 p.m. Panel 2— Smaller Public Companies
  • Nature and frequency of capital market activities
  • Understanding financial statement users and their needs
  • Costs and benefits of potential IFRS incorporation, the potential methods of incorporation, and FASB’s convergence agenda
  • Participation in the accounting standard-setting process
2:30-2:45 p.m. Break
2:45-3:45 p.m. Panel 3— Regulatory Environment
  • Current use of U.S. GAAP financial information in regulatory activities
  • Steps required and timing necessary to undertake changes to regulation as a result of changes in accounting standards
  • Benefits and challenges attendant to a potential transition to IFRS as a basis of financial reporting
  • Factors to reduce the costs and efforts of a potential transition to IFRS



Modified: 07/01/2011