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SEC chairman issues statement on GAAP-IFRS convergence project

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • June 4 2010

On June 2, the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) announced modifications to their timetable for, and prioritization of, standards being developed by these boards in connection with improving U.S. generally accepted accounting principles (GAAP) and International Financial Reporting Standards (IFRS) and achieving convergence of GAAP and IFRS

SEC’s Chief Accountant testifies on developments in accounting and auditing standards

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • May 28 2010

On May 21, the Securities and Exchange Commission’s Chief Accountant, James Kroeker, testified on behalf of the SEC before the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises of the U.S. House Committee on Financial Services