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

• 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

• 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

• 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