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

“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

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