IASB Vice Chairman Tom Jones and FASB Chairman Robert Herz to keynote Pace accounting conference

Key players and decision makers in the move to globalize accounting rules and processes will come together Thursday, April 30, under the auspices of Pace University’s Lubin School of Business, to discuss progress and impediments to a single set of high-quality international accounting standards that can be used in all the world’s capital markets.

MEDIA ADVISORY

Contact: Bill Caldwell, Office of Public Information, Pace University, 212-346-1597, wcaldwell@pace.edu

Notes: This event is by invitation only. Members of the media must RSVP to attend. One-on-one interviews with the speakers may be possible. Email wcaldwell@pace.edu.

INTERNATIONAL ACCOUNTING STANDARDS:

FROM TALK TO WALK

IASB Vice Chairman Tom Jones and FASB Chairman Robert Herz to keynote Pace University’s Lubin School of Business third annual accounting conference, Thursday, April 30

Alan Murray, Executive Editor, Online of The Wall Street Journal and Floyd Norris, Chief Financial Correspondent of The New York Times, to conduct interviews with IASB Vice Chairman and FASB Chairman

Mid-morning keynote: Samuel A. DiPiazza, Jr., Global CEO of PricewaterhouseCoopers, interviewed by Emily Chasan, Accounting Correspondent of Reuters

Afternoon keynote: Edward E. Nusbaum, CEO of Grant Thornton interviewed by David Reilly, Columnist of Bloomberg News

New York, NY – April 15, 2009 – Key players and decision makers in the move to globalize accounting rules and processes will come together Thursday, April 30, under the auspices of Pace University’s Lubin School of Business, to discuss progress and impediments to a single set of high-quality international accounting standards that can be used in all the world’s capital markets.

The discussion will proceed in depth at Lubin’s third annual accounting conference, held in conjunction with The International Accounting Standards Board. The focus is “International Accounting Standards: Going from the Talk to Doing the Walk.”

The conference will raise contentious issues and questions in converging U.S. Generally Accepted Accounting Principles (GAAP) with International Financial Reporting Standards (IFRS):

• Is the new SEC chairman Mary Schapiro ready to board the IFRS train? “I will take a big deep breath and look at this entire area again carefully and will not necessarily feel bound by the existing road map that’s out for comment,” Schapiro said at a hearing of the Senate Banking, Housing, and Urban Affairs Committee in January.

• What roadblocks must be overcome?

• How prepared are U.S. companies to make the transition to IFRS?

• Is convergence really necessary given that studies have shown that IFRS are already of high quality?

• Is the IASB really independent?

• Given that incentives of preparers, auditors, and users vary significantly across the globe, how serious a problem is this for the implementation of IFRS?

The conference takes place Thursday, April 30 from 8:00 a.m. to 2:30 p.m., at 320 Park Avenue, the Mutual of America Building (between 50th and 51st streets), 35th Floor, New York City. Media admission by press card. Media RSVP to wcaldwell@pace.edu. Phone: 212-346-1597.

Opening keynote interview: Tom Jones, Vice Chairman of the International Accounting Standards Board, interviewed by Alan Murray, Deputy Managing Editor and Executive Editor, Online of The Wall Street Journal.

Mid-morning keynote interview: Samuel A. DiPiazza, Jr., Global CEO of PricewaterhouseCoopers, interviewed by Emily Chasan, Accounting Correspondent of Reuters.

Luncheon keynote interview: Robert Herz, Chairman of the Financial Accounting Standards Board, interviewed by Floyd Norris, Chief Financial Correspondent of The New York Times.

Afternoon keynote: Edward E. Nusbaum, CEO of Grant Thornton interviewed by David Reilly, Columnist of Bloomberg News.

Panel discussions will include: Mary-Jo Kranacher, Editor-in-Chief of The CPA Journal (Moderator); Chris Craig, a Partner in Grant Thornton; Patrick G. Edgar, a Partner in KPMG; Samir M. El-Gazzar, the KPMG Professor of Accounting in the Lubin School of Business at Pace University; Richard A. Fuchs, a Partner in the Global Capital Markets Group of PricewaterhouseCoopers; D.J. Gannon, a Partner in the U.S. National Office and the Leader of the IAS Centre of Excellence for the Americas at Deloitte & Touche; Wendy M. Hambleton, a Partner and the National SEC Director at BDO Seidman; Danita K. Ostling, a Partner and Americas IFRS Leader at Ernst & Young.

Also Tracy Byrnes, a Reporter at the FOX Business Network (Moderator); Richard J. Carroll, the Chief Accountant at IBM; Talia Griep, VP & Comptroller of Honeywell; Joyce Joseph-Bell, Senior Director at Standard & Poor’s Credit Market Services; Dan Mahoney, Co-Director of Forensic Accounting Research at RiskMetrics Group; Mark R. Newsome, Director of ING Capital and Chairman of the New York Society of Security Analysts’ Committee for Improved Corporate Reporting; Kaustav Sen, an Associate Professor of Accounting and the Ernst & Young Research Scholar at the Lubin School of Business of Pace University.

The agenda is at http://www.pace.edu/lubin/accountingconference .

The Lubin School of Business is a national leader in promoting informed discussions of issues involved in international accounting standards. In addition to this third annual conference, the school has held a number of breakfast sessions on the subject and offered half-day update sessions for accounting professionals. Since the fall of 2008 information about the international standards has been included in many Lubin accounting courses.

The Lubin School is accredited for both business and accounting by AACSB International, an elite distinction shared by fewer than 3 percent of business schools worldwide. With a tradition of practice-oriented curricula, the school has achieved national recognition for both its graduate and undergraduate programs in U.S.News & World Report and other media. Approximately 4,000 students are enrolled in Lubin’s undergraduate, graduate and professional degree programs in Downtown and Midtown New York City, and Pleasantville and White Plains in Westchester. Prominent alumni include Melvin Karmazin, the CEO of Sirius Satellite Radio; James Quinn, the president of Tiffany & Co.; Ivan Seidenberg, the chairman and CEO of Verizon; Marie Toulantis, the former-CEO of Barnes&Noble.com; and Richard Zannino, the former-CEO of Dow Jones & Company. www.pace.edu/lubin.

For 103 years Pace University has produced thinking professionals by providing high quality education for the professions on a firm base of liberal learning amid the advantages of the New York metropolitan area. A private university, Pace has campuses in New York City and Westchester County, New York, enrolling nearly 13,000 students in bachelor’s, master’s, and doctoral programs in its Lubin School of Business, Dyson College of Arts and Sciences, Lienhard School of Nursing, School of Education, School of Law, and Seidenberg School of Computer Science and Information Systems. www.pace.edu

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