Contact: Bill Caldwell, Office of Public Information, Pace University, 212-346-1597, firstname.lastname@example.org
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. The agenda and photos of keynote speakers are at http://www.pace.edu/lubin/accountingconference. For high resolution photos, email email@example.com.
Global Accounting Standards: Shooting the Rapids
• Tom Jones, Director of the Center for the Study of International Accounting Standards, Lubin School of Business, Pace University; • James L. Kroeker, Chief Accountant of the U.S. Securities and Exchange Commission; • Ian Mackintosh, Chairman of the UK Accounting Standards Board; • John B. Veihmeyer, Chief Executive Officer of KPMG LLP
Pace University’s Lubin School of Business presents Fourth Annual Accounting Conference Tuesday, April 27
Interviews to be conducted by Alan Murray, Deputy Managing Editor and Executive Editor, Online, The Wall Street Journal; Floyd Norris, Chief Financial Correspondent, The New York Times; Mary-Jo Kranacher, Editor-in-Chief, The CPA Journal
New York, NY – April 12, 2010 – Will U.S. businesses be “shooting the rapids” of change, given the growing momentum toward global accounting standards?
In late February, the SEC voted unanimously to continue its progress towards a single set of high quality, globally accepted accounting standards. The final decision will be made in 2011, but, this announcement rekindled the enthusiasm of preparers and some users to re-open their preparations for the adoption of International Financial Reporting Standards (IFRS).
In the meantime, many important projects must be completed before that decision can be made. It is going to be hard work between here and there.
Many of the most influential players and decision makers in the move to IFRS will come together Tuesday, April 27, 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 conference, titled “Global Accounting Standards: Shooting the Rapids,” includes sessions on “Navigating White Waters” and “Charting the Course to Safe Harbor.” The annual event is held in conjunction with The International Accounting Standards Foundation.
State of the Preparation
The conference will raise contentious issues and questions in converging U.S. Generally Accepted Accounting Principles (GAAP) with International Financial Reporting Standards (IFRS). For example:
• The SEC is back on track for a decision in 2011 – what will that decision be?
• Can the International Accounting Standards Board meet the tests that the SEC announcement imposes?
• Is conversion necessary or useful – given the significant differences between U.S. GAAP and IFRS?
• What is the state of preparation in the U.S., in education, testing, auditing and preparer/investor participation?
• Who else has committed to international standards in the last 12 months?
The sessions for an invited audience take place April 27 from 8:00 a.m. to 1:30 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 firstname.lastname@example.org. Phone: 212-346-1597.
Opening keynote: Tom Jones, a participant in these conferences from the start, who now is Director of the Center for the Study of International Accounting Standards at the Lubin School of Business.
Morning keynote interviews: Ian Mackintosh, Chair of the Accounting Standards Board, Financial Reporting Council (UK) interviewed by Mary-Jo Kranacher, Editor-in-Chief of The CPA Journal. John B. Veihmeyer, CEO of KPMG LLP and Americas Chairman of KPMG International interviewed by Alan Murray, Deputy Managing Editor and Executive Editor, Online, The Wall Street Journal.
Luncheon keynote interview: James L. Kroeker, Chief Accountant of the U.S. Securities and Exchange Commission interviewed by Floyd Norris, Chief Financial Correspondent of The New York Times.
Panel discussions will include: Tracy Byrnes, a Reporter at the FOX Business Network (Moderator); Aaron Anderson, a Director of IFRS Policy & Implementation at IBM Corp.; Jack Klingler, a Director of Accounting Research & IFRS Implementation at Alcoa Inc.; Jack McGinnis, EVP & Chief Accounting Officer of HSBC North America Holdings; Linda Mezon, the Chief Accountant of the Royal Bank of Canada.
Also Jonathan Weil, a Columnist at Bloomberg News (Moderator); Francisco Duque, a Managing Director at TIAA-CREF; Patrick Finnegan, a Board Member of the International Accounting Standards Board; Robert J. Kueppers, the Deputy CEO of Deloitte LLP; and Kaustav Sen, an Associate Professor of Accounting and Ernst & Young Research Scholar at the Lubin School of Business.
The agenda is at http://www.pace.edu/lubin/accountingconference.
About Lubin and international accounting
The Lubin School of Business is a national leader in promoting informed discussions of issues involved in international accounting standards. In addition to this conference, the fourth, the school has held breakfast sessions on the subject and offered half-day updates 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 104 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.
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