Baruch College Hosts Jun. 16 Forum on
Merging U.S. Accounting With Global Practices
New York, NY – Jun. 10, 2008 – Baruch College will host a forum entitled “High Quality Accounting Standards: Issues and Implications for U.S. Financial Reporting,” on Monday, Jun. 16. Organized by the Financial Accounting Foundation (FAF) and the Financial Accounting Standards Board (FASB), the forum takes place in the Newman Vertical Campus, 55 Lexington Avenue, Room 14-220, from 9 am to 4 pm.
This event has been planned to open a dialogue with constituents about moving the U.S. toward high-quality global accounting standards. Panelists will include users of financial statements, representatives of small and large companies, both public and private, auditors, regulators, accounting educators, and others representing facets of the U.S. economy that would be affected if there were a move from Generally Accepted Accounting Principles (GAAP) to International Financial Reporting Standards (IFRS).
Issues to be discussed include whether the IFRS and U.S. GAAP should ultimately converge, and if so, how and when to prepare the U.S. for a possible shift to IFRS; issues of accounting education and professional certification, regulatory and tax issues; potential effects on reporting by private companies and not-for-profit entities; and the future role of the FASB.
Due to limited space, individuals interested in observing the panel must pre-register online to be admitted. The forum will also be webcast live on www.fasb.org.