S&P Symposium Looks at Potential U.S. Move to International Financial Reporting Standards
Idea exchange on pressing issue to feature corporate financial accounting professionals, industry officials and association experts
Despite the issuance of an SEC ‘roadmap’ for the potential use of the financial statements prepared in accordance with international financial reporting standards (IFRS), much discussion continues about this possible move. One of the largest questions — “Is Now The Time to Move To International Financial Reporting Standards?” — will be the central theme at a Standard & Poor’s forum to be held on May 15th Through a series of panel discussions, the half-day event will explore the issuer’s and user’s perspective, including the opportunities, challenges and implications of introducing IFRS in the U.S.
Along with users of financial information, the symposium will examine the viewpoint of the standard-setters and regulators, corporate and financial industry issuers and auditors with a focus on analytical implications as addressed by Standard & Poor’s ratings analysts and other capital market participants. Topics to be discussed include the pros and cons of introducing IFRS in the U.S., the implications of the transition on analysis, and how market participants plan to deal with the various issues that may arise during implementation.
Industry experts speaking at this complimentary forum will include:
- Paul Cherry, Chair, Canadian Accounting Standards Board, Chair, IASB Standards Advisory Council
- Patrick Finnegan, Director, Financial Reporting Policy Group, CFA Institute
- Cindy Fornelli, Executive Director, Center for Audit Quality
- Ray Groves, Audit Committee Chairman
- Russell Hodge, Global Technical Leader – IFRS, General Electric Company
- Arthur Lindo, Associate Director and Chief Accountant for Supervision, Banking Supervision and Regulation Division, Federal Reserve System
- Jeff Mahoney, General Council, Council of Institutional Investors
- Danita Ostling, Partner and IFRS Leader, Ernst & Young
- Marc Siegel, Board Member, Financial Accounting Standards Board
- Kevin Spataro, Vice President, Allstate Insurance; Chairman of GNAIE’s Accounting Convergence Committee
- Stan Watt, Americas Head – Accounting Policy and Advisory Group, Deutsche Bank
Standard & Poor’s participants will be:
- Neri Bukspan, Managing Director, Chief Quality Officer & Chief Accountant, Standard & Poor’s
- Sue Harding, Managing Director & European Chief Accountant, Standard & Poor’s
- Joyce Joseph-Bell, Senior Director & North American Accounting Specialist Lead, Standard & Poor’s
- Jonathan Nus, Director Financial Reporting Analysis, Standard & Poor’s
- Grace Osborne, Managing Director & North American Head of Insurance Ratings, Standard & Poor’s
- Solomon Samson, Managing Director & Chief Criteria Officer/Corporates, Standard & Poor’s
Event Details: Registration is complementary, but space is limited.
Date: Friday, May 15, 2009
Time: 8:00 am – 1:00 pm (Breakfast will be served)
Location: The McGraw-Hill Auditorium, 1221 Avenue of the Americas, New York, NY
A full conference agenda is available at:
http://www2.standardandpoors.com/spf/pdf/events/AccountingAgenda09.pdf
Registration information can be found at:
http://profile.standardandpoors.com/content/accounting09
Source: Standard & Poor’s