The US Securities and Exchange Commission
(SEC) has appointed Paul Beswick as chief accountant, succeeding
James Kroeker.

Kroeker left the SEC last week as the final
staff report on the work plan towards global accounting standards
was issued.

The long awaited report did not give any
opinion on whether or not IFRS should be adopted in the US and only
examined arguments for and against different forms of adoption,
which indicates further delays in the SEC’s decision making towards
the adoption of IFRS.

Kroker said he is leaving the SEC to pursue a
career in the private sector.

Beswick joined the SEC in 2007 and has worked
as the deputy chief accountant responsible for the day-to-day
operations of the office’s accounting group.

Prior to joining the SEC Beswick was a partner
with Ernst & Young US working in the firm’s professional
practice and risk management group.