![](https://webarchive.library.unt.edu/web/20120921042728im_/http://www.sec.gov/images/pixel.gif) |
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Agenda for Roundtable on International Financial Reporting Standards, July 7, 2011
10:00-10:15 a.m. |
Opening Remarks — James Kroeker, Chief Accountant |
10:15-11:45 a.m. |
Panel 1— Investor Understanding and Knowledge of IFRS- 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
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11:45 a.m.-1:00 p.m. |
Lunch Break |
1:00-2:30 p.m. |
Panel 2— Smaller Public Companies
- 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
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2:30-2:45 p.m. |
Break |
2:45-3:45 p.m. |
Panel 3— Regulatory Environment
- 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
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http://www.sec.gov/spotlight/ifrsroadmap/ifrsroundtable070711-agenda.htm
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