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SEC to hold IFRS roundtable

The Securities and Exchange Commission (SEC) plans to hold a roundtable to discuss the benefits and challenges of adopting IFRS.

The event, which will be held on 7 July, will feature three panels representing investors, smaller public companies and regulators. Panel discussions will focus on investor understanding of IFRS, the impact on smaller public companies and the regulatory environment of incorporating IFRS.

SEC chief accountant James Kroeker said the roundtable will help the regulator to carefully consider and deliberate whether incorporating IFRS into the US financial reporting system is in the best interest of investors and markets.

“This roundtable will provide an excellent opportunity for investors, preparers, and regulators to provide the SEC staff with valuable information that will help the Commission in its ongoing consideration of incorporating IFRS,” Kroeker added.

The SEC is currently accepting feedback on the topics to address at the roundtable and suggestions for potential roundtable participants.

 

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