The SEC announced today a July 7 roundtable on International Financial Reporting Standards, “to discuss benefits or challenges in potentially incorporating International Financial Reporting Standards (IFRS) into the financial reporting system for U.S. issuers.” The complete text of the announcement is here.
There will be three panels: investors, small businesses, regulators. They will not have a panel for opponents of IFRS adoption.
Here’s a suggestion for the SEC–please pick me! I’ll be glad to represent investors. I also recommend Tom Selling and Charley Niemeier.
The SEC has not welcomed viewpoints opposing IFRS adoption. Presumably it thinks that if we are not given a voice, then that voice doesn’t exist. SEC Chief Accountant James Kroeker has repeated said that incorporation of IFRS into American rules for financial reporting is a must. Perhaps he is just going through the motions by scheduling this roudtable. I don’t care. Please pick me! I would love to participate.
Here’s another idea. Schedule a roundtable panel discussion of IFRS opponents, so opposing viewpoints can be presented to the SEC.
Debit and credit – – David Albrecht