SEC Announces “Roundtable” to Discuss Potential Use of IFRS in Financial Reporting

On April 20, 2011, the SEC announced its plans for a roundtable to discuss benefits or challenges in potentially incorporating International Financial Reporting Standards (IFRS) into the financial reporting system for U.S. issuers.

http://www.sec.gov/news/press/2011/2011-95.htm

The July 7 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.

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Electronic submissions:

Use the SEC’s Internet comment form or send an e-mail to rule-comments@sec.gov.

Paper submissions:

Send paper submissions in triplicate to Elizabeth M. Murphy, Secretary, Securities and Exchange Commission, 100 F Street, N.E., Washington, D.C. 20549-1090.

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