Global Accounting Standards: Shooting the Rapids. Lubin School’s Fourth Annual Accounting Conference

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.

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. The agenda and photos of keynote speakers are at http://www.pace.edu/lubin/accountingconference. For high resolution photos, email wcaldwell@pace.edu.

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 wcaldwell@pace.edu. Phone: 212-346-1597.

Schedule

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.

Visit Pace on the web: Pace.edu | Facebook | Twitter | Flickr | YouTube . Follow Pace students on Twitter: NYC | PLV

Expertise on SEC Timetable for Global Accounting Standards Shared by Lubin School of Business

The question of whether the US should adopt global accounting standards is back on the front burner: The Securities and Exchange Commission has announced plans to review its latest thinking on the subject at a meeting tomorrow.

The question of whether the US should adopt global accounting standards is back on the front burner: The Securities and Exchange Commission has announced plans to review its latest thinking on the subject at a meeting tomorrow.

To: Business and finance editors and correspondents Fm: Bill Caldwell, 212-346-1597, wcaldwell@pace.edu and Chris Cory, 212-346-1117, cell 917-608-8164, ccory@pace.edu

Resources on forthcoming sea-change in global business – US switch to international accounting rules

You may want to keep in mind three resources at Pace University, which is in the forefront of developing and spreading information about the likely US switch to international accounting rules. On February 24, the US Securities and Exchange Commission is expected to discuss a revised timetable for deciding whether and when US companies will adopt IFRS, the International Financial Reporting Standards, now in full use in 70 countries and in at least partial use in 120, including the European Common Market nations, Russia, India, China, Japan and most of Latin America. The US uses GAAP, or Generally Accepted Accounting Principles.

1. Tom Jones. One of the world’s most respected experts on the transition, its corporate and government politics, and results so far in places like South Korea, Australia and the UK. Available on background and on the record from his new vantage point at Pace University. He has unique knowledge of the two systems and their players — from 2001 until 2009 he was Vice Chairman of the International Accounting Standards Board, which developed the new international rules, and before that he was a trustee and Vice chairman of the Financial Accounting Foundation, which oversees the US standards. A former high-level Citicorp official, he has consulted all over the world about this including to the New York State bar association and to French rule makers (in French).

Jones now directs the Center for the Study of International Accounting Standards and is Distinguished Professor in the Practice of International Accounting at Pace’s Lubin School of Business.

2. Annual conference. The fourth annual conference on the transition to IFRS will be held in New York City Tuesday, April 27. This Lubin event has become a leading global source of updates and information for senior officials in government, business, and global accounting. http://www.pace.edu/pace/lubin/news-events/lubin-forum-on-contemporary-accounting-issues/. Transcripts of the most recent conference are in a special section of the July, 2009 “CPA Journal” at http://viewer.zmags.com/publication/a8fe9ceb#/a8fe9ceb/1

3. Teaching. While many US campuses offer no instruction in IFRS, Jones is accelerating the presentations and course modules that have made Pace’s Lubin School a pioneer. Visits to classes are available on request.

Investor impact: “Race to the bottom”

Jones fears that the longer the world retains two systems, the more preparers will “pick the one that’s easiest, creating a race to the bottom that won’t be beneficial for investors.”

But he thinks a transition now is “inevitable.” Last year almost 50 countries committed to making the change by 2011, including international powers like Japan, India, and Mexico. In the US, multinationals already state their results two ways and a few are making intensive preparations.

Tom Jones, Former IASB Vice Chairman, to Head Global Accounting Standards Center

The Lubin School of Business at Pace University has appointed Tom Jones as Director of its Center for the Study of International Accounting Standards, and Distinguished Professor in the Practice of International Accounting.

Contacts:

Chris Cory, 212-346-1117, cell 917-608-8164, ccory@pace.edu or

Bill Caldwell, 212-346-1597, wcaldwell@pace.edu

FOR IMMEDIATE RELEASE

PHOTO AVAILABLE

Former IASB Vice Chairman Tom Jones to Head Center for Study of International Accounting Standards at Pace University’s Lubin School of Business

Experience in both US and international standards increases school’s thought leadership in international accounting

NEW YORK, NY, November 16, 2009 –The Lubin School of Business at Pace University has appointed Tom Jones as Director of its Center for the Study of International Accounting Standards, and Distinguished Professor in the Practice of International Accounting.

“We are very pleased that someone of Tom’s global stature and professional experience has decided to join the Lubin School of Business,” said Dean Joseph Baczko, who made the announcement. “He brings extensive senior policy-making background in the important areas of international financial reporting standards, which will advance the thought-leadership position and activities of our Center.”

The Center will host its fourth annual Lubin Forum on Contemporary Accounting Issues, on the convergence of international accounting standards, in April, 2010, and will continue fostering research and discussion on the development and implementation of global financial reporting standards.

“As a member of the accounting faculty,” said Rudy Jacob, Professor of Accounting and chair of Lubin’s accounting department, “Tom will teach at the graduate level and help develop relevant course work and research on the internationalization of accounting standards. The world is moving toward adopting a single accounting language, and he will play a pivotal role in designing our financial accounting curriculum to reflect the International Financial Reporting Standards.”

Before joining Lubin, Jones was Vice Chairman of the International Accounting Standards Board (IASB) from its founding in 2001 until 2009. Among other important policy setting positions, he has been a trustee and Vice Chairman of the Financial Accounting Foundation, which oversees the Financial Accounting Standards Board (FASB); a member of the emerging issues task force for FASB; Chairman of the International Accounting Standards Committee (the predecessor of IASB), and Chairman of the American Bankers Association’s Chief Financial Officer Committee. He has been elected to the Financial Executives International accounting hall of fame.

Jones’s corporate experience includes over twenty years with Citibank/Citicorp from 1979-2000, where he held several senior financial positions. Among them he was Chairman of Citicorp Banking Corporation, Executive Vice President, Senior Corporate Officer and Principal Financial Officer, Vice President and Controller, and Chief Accounting Officer. Earlier he held international financial management positions with ITT from 1967 to1979. He is a fellow of the Institute of Chartered Accountants in the UK.

The Lubin School of Business at Pace University, founded in 1906, has its roots in the study of accounting. The school has a current enrollment of approximately 3,000 undergraduates pursuing BBA degrees in accounting, finance, marketing and management. Another 1,100 students are enrolled in the school’s graduate programs pursing MBA, MS, EMBA and DPS degrees. Lubin enjoys dual accreditation from AACSB International for both business studies and accounting.

Special issue of “The CPA Journal” features Lubin Forum on Contemporary Accounting Issues

The July issue of The CPA Journal features a collection of articles on Pace University’s Lubin Forum on Contemporary Accounting Issues with many insights into the increasing international moves toward common accounting standards for businesses and governments

FOR IMMEDIATE RELEASE

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

Status of increasing international moves toward common accounting standards for businesses and governments assessed in special issue of “The CPA Journal” based on annual forum at Pace University’s Lubin School of Business

Comments from most major players address huge potential change under reconsideration by Obama administration

NEW YORK, NY, July 21, 2009 – The July issue of The CPA Journal features a collection of articles on Pace University’s Lubin Forum on Contemporary Accounting Issues with many insights into the increasing international moves toward common accounting standards for businesses and governments.

Pace University’s Lubin School of Business organizes the Annual Lubin Forum on Contemporary Accounting Issues. The focus of this year’s event, presented in conjunction with The International Accounting Standards Board on April 30, was “International Accounting Standards: Going from the Talk to Doing the Walk.”

Keynote speakers included Tom Jones, Vice Chairman of the International Accounting Standards Board; Robert Herz, Chairman of the Financial Accounting Standards Board; Samuel A. DiPiazza, Jr., Global CEO of PricewaterhouseCoopers; and Edward E. Nusbaum, CEO of Grant Thornton.

Speakers addressed a variety of topics like the economic crisis and the SEC’s roadmap to move to IFRS; politics and independence in standards setting; disparity in enforcement mechanisms and auditing standards across the globe; fair value and mark-to-market accounting; and the possible paths of convergence and conformity to IFRS.

The July issue of The CPA Journal is available at http://viewer.zmags.com/publication/a8fe9ceb#/a8fe9ceb/1

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 international standards has been included in many Lubin accounting courses.

The Lubin School of Business 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, CEO, Sirius Satellite Radio; James Quinn, president, Tiffany & Co.; Ivan Seidenberg, chairman and CEO, Verizon; Marie Toulantis, former-CEO, Barnes&Noble.com; and Richard Zannino, former-CEO, 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

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

Conrad W. Hewitt and Lynn E. Turner, former chief accountants at SEC, to speak at Pace breakfast

As the accounting world moves toward the biggest changes in decades with global acceptance of the International Financial Reporting Standards (IFRS), Conrad W. Hewitt and Lynn E. Turner, former chief accountants at the U.S. Securities and Exchange Commission, will address specific topics of interest to a group of invited practitioners at Pace University’s second Lubin Breakfast on Contemporary Accounting Issues.

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.

What Should the SEC Do About Accounting?

Conrad W. Hewitt and Lynn E. Turner, former chief accountants at U.S. Securities and Exchange Commission, to discuss SEC role in accounting with NY Times Floyd Norris at Pace University Lubin Breakfast, Wednesday, March 4

Contentious issues in transition to international rules to be examined

New York, NY – February 9, 2009 – As the accounting world moves toward the biggest changes in decades with global acceptance of the International Financial Reporting Standards (IFRS), Conrad W. Hewitt and Lynn E. Turner, former chief accountants at the U.S. Securities and Exchange Commission, will address specific topics of interest to a group of invited practitioners at Pace University’s second Lubin Breakfast on Contemporary Accounting Issues.

Hewitt and Turner will be interviewed by Floyd Norris, Chief Financial Correspondent of The New York Times.

Before the Obama administration took over, the SEC had proposed that all U.S. companies be required to switch to IFRS beginning in 2014.

The discussion will focus on the SEC’s role in accounting and where it should go from here, providing insights into the challenges confronting the new SEC chairman and President Barack Obama as they strive to lead the country out of the current financial crisis.

The event takes place Wednesday, March 4, 8:00 a.m. – 9:30 a.m. at Ernst & Young, 22nd Floor Café, 5 Times Square (Seventh Avenue between 41st and 42nd Streets), New York City.

It is part of Lubin’s ongoing effort to prepare students and leaders of international business to deal with the increasing worldwide use of the IFRS. The school’s annual Lubin Forum on Contemporary Accounting Issues, on April 30, will feature, among other notables, Robert Herz, Chairman of the Financial Accounting Standards Board and Tom Jones, Vice Chairman of the International Accounting Standards Board discussing the IFRS on the theme of “Going from the Talk to Doing the Walk.” More information is at http://www.pace.edu/lubin/accountingconference.

At the breakfast, contentious issues and challenges will be raised:

• Given the lack of uniformity in reporting across the globe, how concerned should the SEC be with the quality of financial statements issued under IFRS?

• Should U.S. companies be able to choose to report using either IFRS or U.S. GAAP? What are some capital market implications of this action?

• What should the SEC have done differently to mitigate or even prevent the financial crisis we now face?

• Should acceptance of IFRS be contingent on convergence of U.S. and IFRS standards?

• Should the new SEC chairman implement the road map laid out by former chairman Christopher Cox wherein all U.S. companies may be required to switch to IFRS beginning in 2014?

Media admission by press card. RSVP to wcaldwell@pace.edu. Phone: 212-346-1597.

BACKGROUND: Conrad W. Hewitt was the Chief Accountant of the SEC from 2006 to January 2009 — the principal advisor to the Commission on accounting and auditing. Hewitt also was responsible for formulating and administering the accounting and auditing programs and policies of the Commission, and for the Commission’s oversight of FASB (Financial Accounting Standards Board) and the PCAOB (Public Company Accounting Oversight Board).

Before joining the SEC, Hewitt had over 30 years experience as a leader of one of the world’s largest accounting firms (Ernst & Young), as a financial institution regulator, as Chairman of 10 audit committees (four public companies) as a corporate director and as trustee of two pension plans and a charitable foundation.

From 1995 to 1998, Hewitt was the California Superintendent of Banking and Commissioner of the California Department of Financial Institutions, a department he created and served as its first Commissioner.

Hewitt began his career as an auditor in the U.S. Air Force at Strategic Air Command Headquarters, Omaha. He held the rank of Captain.

Lynn E. Turner was the Chief Accountant of the SEC from July 1998 to August 2001 and actively involved in the legislative process leading up to passage of the Sarbanes-Oxley Act. In 2007, Treasury Secretary Paulson appointed him to the Treasury Committee on the Auditing Profession.

Since its inception, Turner has served on the Standards Advisory Group of the Public Companies Accounting Oversight Board (PCAOB), and he is a member of Financial Accounting Standards Board Investor Technical Advisory Committee. Previously he served as the SEC Observer to the FASB Emerging Issues Task Force and Financial Accounting Standards Advisory Council.

Turner serves as a senior advisor to Kroll, Inc., is on the board and audit committee of the Colorado Public Employees Retirement Association (COPERA), and is a trustee and chair of the audit committee of a mutual fund.

From 2003 to 2007, he was the managing director of research and officer of Glass Lewis & Co., an internationally recognized proxy and financial research firm, and was a professor of accounting at Colorado State University from 2001 to 2003. From 1996 to 1998, he was the Chief Financial Officer and Vice President of Symbios, Inc., an international semiconductor and storage manufacturer, after having been responsible for the high technology audit practice at the international audit firm now known as PricewaterhouseCoopers (PWC).

Floyd Norris is the chief financial correspondent of The New York Times and the International Herald Tribune. His column appears in both papers on Fridays, and a weekly analysis of financial data, called “Off the Charts,” appears on Saturdays. His blog also appears on the New York Times web site, at http://norris.blogs.nytimes.com/.

Norris has worked for The Times since 1988, and spent 18 months in 2004-2005 based in Paris at the offices of the International Herald Tribune.

He has been a financial columnist for most of his career at The Times, although he spent more than a year in 1998 and 1999 as a member of The Editorial Board of The Times.

Before joining The Times, Norris had been with Barron’s National Business and Financial Weekly since December 1982, where he wrote “The Trader’’ column on the stock market.

Norris was the 2003 recipient of the Loeb Foundation’s Lifetime Achievement Award for exceptional career achievements in the field of business, financial and economic news. In 2001 he received the Gerald Loeb award for distinguished Business and Financial Journalism for his insightful columns educating investors about the complexities of Wall Street. In 1998, he was cited by the Financial Writers Association of New York for outstanding lifetime achievement. In 2008, he received the lifetime achievement award of the Society of American Business Editors and Writers.

The Lubin School of Business 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, CEO, Sirius Satellite Radio; James Quinn, president, Tiffany & Co.; Ivan Seidenberg, chairman and CEO, Verizon; Marie Toulantis, former-CEO, Barnes&Noble.com; and Richard Zannino, former-CEO, Dow Jones & Company. www.pace.edu/lubin.

For 102 years Pace University has produced thinking professionals by providing high quality professional education resting 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

IASB Chairman Sir David Tweedie to speak at Pace University Lubin Breakfast, Wednesday, December 10

As the accounting world moves toward the biggest changes in decades with global acceptance of International Financial Reporting Standards, Sir David Tweedie, Chairman of the International Accounting Standards Board, will address specific topics of interest to practitioners at Pace University’s Lubin Breakfast on Contemporary Accounting Issues. Tweedie will be interviewed by Floyd Norris, Chief Financial Correspondent of The New York Times.

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 speaker may be possible. Email wcaldwell@pace.edu.

Sir David Tweedie, IASB Chairman, to Discuss Huge Global Challenges of Switch to International Accounting Standards with NY Times Floyd Norris at Pace University Lubin Breakfast, Wednesday, December 10

New York, NY – November 20, 2008 – As the accounting world moves toward the biggest changes in decades with global acceptance of International Financial Reporting Standards, Sir David Tweedie, Chairman of the International Accounting Standards Board, will address specific topics of interest to practitioners at Pace University’s Lubin Breakfast on Contemporary Accounting Issues. Tweedie will be interviewed by Floyd Norris, Chief Financial Correspondent of The New York Times.

The event takes place Wednesday, December 10, at Ernst & Young, 5 Times Square, 22nd Floor Café, New York, NY, from 8:00 to 9:30 a.m. Focus of the event: “Will The New Global Accounting Rules Work?”

Contentious issues and challenges will be raised:

• The IASB’s reaction to the U.S. Securities and Exchange Commission’s recent proposal to have all U.S. companies switch to IFRS by 2014. Is the SEC moving fast enough?

• What is being done to ensure full independence of the IASB as it carries out its role as global standard setter?

• What are some of the thorny issues that must be put on the top burner in the convergence project?

• Does the IASB chairman see the role of the International Organization of Securities Commissions changing as we move to a single global accounting standard?

Sir David was educated at the University of Edinburgh (B.Com., Ph.D). In 1990 he was appointed the first Chairman of the UK Accounting Standards Board (1990 – 2000) and the Chairman of the Urgent Issues Task Force. He served as National Technical Partner of KPMG Peat Marwick McLintock (1987 – 1990), National Research Partner of KMG Thomson McLintock (1982 – 1987), and Technical Director of the Institute of Chartered Accountants of Scotland (1978 – 1981). Between 1973 and 1978 was a Lecturer in the Department of Accounting at the University of Edinburgh. He qualified as a Chartered Accountant in 1972.

He has received a number of honorary degrees and professional awards, including the Institute of Chartered Accountants in England and Wales’s Founding Societies Award (1997), awarded annually to a member who has made an outstanding contribution in any field of endeavor and the Chartered Institute of Management Accounting’s CIMA Award (1998), awarded to non-members of CIMA who have made an outstanding contribution to the profession. He was awarded an Honorary Fellowship of the Association of Chartered Certified Accountants.

He has been a visiting professor at the University of Lancaster International Centre for Research in Accounting (ICRA), the University of Bristol and the University of Edinburgh.

He was knighted in 1994 for his services to the Accounting Profession.

Media admission by press card. RSVP to wcaldwell@pace.edu. Phone: 212-346-1597.

The Lubin School of Business 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, CEO, Sirius Satellite Radio; James Quinn, president, Tiffany & Co.; Ivan Seidenberg, chairman and CEO, Verizon; Marie Toulantis, former CEO, Barnes&Noble.com; and Richard Zannino, former-CEO, Dow Jones & Company. www.pace.edu/lubin.

For 102 years Pace University has produced thinking professionals by providing high quality professional education resting 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 more than 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

CPA Journal Features Pace University’s Latest Lubin Forum on Contemporary Accounting Issues

The October issue of The CPA Journal features a collection of articles on Pace University’s Lubin Forum on Contemporary Accounting Issues with many insights into accounting issues involved in the present financial crisis — including aspects of the “fair value” issue the FASB discussed in its meeting this week.

FOR IMMEDIATE RELEASE

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

CPA JOURNAL FEATURES PACE UNIVERSITY’S LATEST LUBIN FORUM ON CONTEMPORARY ACCOUNTING ISSUES

Discussions by prominent players bear on today’s financial turmoil, from growing impact of International Financial Reporting Standards to issues in insurance, credit crisis and mark-to-market rule

NEW YORK, NY, October 3, 2008 – The October issue of The CPA Journal features a collection of articles on Pace University’s Lubin Forum on Contemporary Accounting Issues with many insights into accounting issues involved in the present financial crisis — including aspects of the “fair value” issue the FASB discussed in its meeting this week.

Pace University’s Lubin School of Business organizes the Annual Lubin Forum on Contemporary Accounting Issues. The focus of this year’s event, presented in conjunction with The International Accounting Standards Board on April 29, was “Global Integration of Accounting Standards: How Do We Get It Done?”.

Keynote speakers included Julie A. Erhardt, Deputy Chief Accountant at the U.S. Securities and Exchange Commission; Tom Jones, Vice Chairman of the International Accounting Standards Board; and Thomas J. Linsmeier, Member of the Financial Accounting Standards Board.

Speakers addressed a variety of topics like the credit crisis, economic downturn, and mark-to-market accounting rule; the reorganization of the Financial Accounting Standards Board and the likelihood of success for its intended goals; and the looming changes in financial reporting as convergence of IFRS and U.S. GAAP moves forward.

By July 2008 35% of the world’s capital markets by value had adopted IFRS, with that percentage set to increase steadily, according to Financial Director Magazine, Sept. 21, 2008.

The October issue of The CPA Journal is available at http://viewer.zmags.com/showmag.php?mid=wqshff&pageid=24#/page24/

The Lubin School of Business 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, CEO of Sirius Satellite Radio; James Quinn, president of Tiffany & Co.; Ivan Seidenberg, chairman and CEO of Verizon; Marie Toulantis, former CEO of Barnes&Noble.com; and Richard Zannino, former-CEO of Dow Jones & Company. www.pace.edu/lubin.

For 102 years Pace University has provided high quality professional education resting 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 more than 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

“Global Integration of Accounting Standards: How Do We Get It Done?”

Key players and decision makers in the move to globalize accounting rules and processes will come together Tuesday, April 29 to discuss progress and impediments to arriving at 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 .

IASB Vice Chairman Tom Jones, FASB Board Member Thomas Linsmeier, SEC Deputy Chief Accountant Julie Erhardt to keynote Pace University’s Lubin School of Business second annual accounting conference, Tuesday, April 29

New York, NY – March 24, 2008 – Key players and decision makers in the move to globalize accounting rules and processes will come together Tuesday, April 29 to discuss progress and impediments to arriving at a single set of high-quality international accounting standards that can be used in all the world’s capital markets.

The discussion will be the highlight of Pace University’s Lubin School of Business second annual accounting conference, this year held in conjunction with The International Accounting Standards Board. The focus: “Global Integration of Accounting Standards: How Do We Get It Done?”

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

What roadblocks must be overcome as we move to a single set of high quality international accounting standards?

How will the lack of uniformity in auditing standards, practices, and procedures across countries affect the quality of financial statements issued under IFRS?

Would U.S. companies and foreign issuers be able to choose to report using IFRS or GAAP? What are some of the capital market implications of this action?

How comfortable is the SEC with the dispensing with 20-F reconciliations given the vast differences in the enforcement of accounting standards across the globe? Do we envisage a change in the role of IOSCO as we move to a single set of accounting standards?

What are U.S. analysts’ views on the quality of earnings and financial disclosures under IFRS? What are some of the challenges analysts face in interpreting IFRS financial statements?

How problematic is the shift to IFRS for first time adopters?

Morning Keynote Interview: Tom Jones, Vice Chairman, International Accounting Standards Board interviewed by Alan Murray, Executive Editor, Online, The Wall Street Journal. Mid-morning Keynote: Thomas J. Linsmeier, Board Member, Financial Accounting Standards Board interviewed by Mary-Jo Kranacher, Editor-in-Chief, The CPA Journal. Luncheon Keynote: Julie A. Erhardt, Deputy Chief Accountant, U.S. Securities & Exchange Commission (SEC) and Chair, Committee on Accounting, International Organization of Securities Commissions (IOSCO).

Panel discussions will include: Neil Weinberg, Senior Editor, Forbes (Moderator); Robert H. Colson, Partner, Institutional Acceptance, Grant Thornton; Richard A. Fuchs, Partner, Global Capital Markets Group, PricewaterhouseCoopers; D.J. Gannon, Partner, U.S. National Office and Leader, IAS Centre of Excellence – Americas, Deloitte & Touche; Paul Munter, Partner, KPMG; Danita Ostling, Partner, Ernst & Young; Kaustav Sen, Associate Professor of Accounting and Ernst & Young Scholar, Lubin School of Business, Pace University.

Also Joanne Ramos, Global Banking Correspondent, The Economist (Moderator); Peter A. Bridgman, SVP & Controller, PepsiCo, Inc.; Hye-Won Choi, SVP & Head of Corporate Governance, TIAA-CREF; Samir M. El-Gazzar, KPMG Professor of Accounting, Lubin School of Business, Pace University; Janet Pegg, Senior Managing Director, Equity Research, Bear Stearns & Co.; Donald Robertson, VP, Senior Accounting Analyst, Corporate Finance Group, Moody’s Investors Service; John Gallagher, Managing Director, Accounting Policies and Support, UBS AG.

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

The conference takes place Tuesday April 29, 8:00 a.m. to 1:30 p.m., 320 Park Avenue, the Mutual of America Building (between 50th and 51st streets), 35th Floor, New York City. Media admission by press card. RSVP to wcaldwell@pace.edu. Phone: 212-346-1597.

The largest private undergraduate business school in Metro New York, the Lubin School of Business is accredited for both business and accounting by AACSB International, an elite distinction shared by fewer than 3% of business schools worldwide. With a tradition of practice-oriented curriculum, 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. Pace was founded as a school of accountancy in 1906 and has continued to be a center of excellence in accounting for over 100 years. Prominent alumni include Melvin Karmazin, CEO, Sirius Satellite Radio; James Quinn, president, Tiffany & Co.; Ivan Seidenberg, chairman and CEO, Verizon; Marie Toulantis, CEO, Barnes&Noble.com; and Richard Zannino, former-CEO, Dow Jones & Company. www.pace.edu/lubin.

Pace’s Iota Lambda chapter of Beta Alpha Psi wins national competition

FOR IMMEDIATE RELEASE

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

Accounting students at Pace University win national competition in Corporate Social Responsibility category

New York, NY, December 19, 2007 —A team of four undergraduate accounting students at Pace University’s Lubin School of Business, long known as an accounting powerhouse, swept away competitors at a national competition run by Beta Alpha Psi, the co-ed honors society for students in accounting, finance and information systems. This year’s competition was held at the Chicago Marriott Downtown Magnificent Mile.

Pace’s Iota Lambda chapter of the society placed first in the Corporate Social Responsibility (CSR) category of Best Practice competitions, finishing ahead of Indiana University, Missouri State University, and the Universities of Arkansas, Hawaii, South Florida, and Washington.

The Pace team members were: Amy Ching of Elwood, NY; Shirley Lau of Flushing, Queens; Lorynn Riley of St. Marys, Ohio; and Benjamin Wong of Livingston, NJ.

Pace accounting professor Susanne O’Callaghan coached the team.

The Pace team set out to prove that the best practice for learning about CSR is through debate and presentation of research. During the competition, the students provided an overview of their methods of learning, including a case study of “Time Warner and the Elements of Corporate Social Responsibility,” and a debate among professors on “Should Corporations be Held to the Same Moral Standards as Individuals?”

Lubin. Pace’s Lubin School of Business is accredited for both business and accounting by AACSB International, an elite distinction shared by fewer than 3% of business schools worldwide. Approximately 4,000 students are enrolled in Lubin’s undergraduate and graduate programs in Downtown and Midtown New York City, and Pleasantville and White Plains in Westchester County, New York. www.pace.edu/lubin.

A private metropolitan university, Pace has campuses in New York City and Westchester County, New York, enrolling nearly 13,500 students in bachelor’s, master’s, and doctoral programs in the Dyson College of Arts and Sciences, Lienhard School of Nursing, Lubin School of Business, School of Education, School of Law, and Seidenberg School of Computer Science and Information Systems. www.pace.edu.

FOR IMMEDIATE RELEASE

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

Accounting students at Pace University win national competition in Corporate Social Responsibility category

New York, NY, December 19, 2007 —A team of four undergraduate accounting students at Pace University’s Lubin School of Business, long known as an accounting powerhouse, swept away competitors at a national competition run by Beta Alpha Psi, the co-ed honors society for students in accounting, finance and information systems. This year’s competition was held at the Chicago Marriott Downtown Magnificent Mile.

Pace’s Iota Lambda chapter of the society placed first in the Corporate Social Responsibility (CSR) category of Best Practice competitions, finishing ahead of Indiana University, Missouri State University, and the Universities of Arkansas, Hawaii, South Florida, and Washington.

The Pace team members were: Amy Ching of Elwood, NY; Shirley Lau of Flushing, Queens; Lorynn Riley of St. Marys, Ohio; and Benjamin Wong of Livingston, NJ.

Pace accounting professor Susanne O’Callaghan coached the team.

The Pace team set out to prove that the best practice for learning about CSR is through debate and presentation of research. During the competition, the students provided an overview of their methods of learning, including a case study of “Time Warner and the Elements of Corporate Social Responsibility,” and a debate among professors on “Should Corporations be Held to the Same Moral Standards as Individuals?”

Lubin. Pace’s Lubin School of Business is accredited for both business and accounting by AACSB International, an elite distinction shared by fewer than 3% of business schools worldwide. Approximately 4,000 students are enrolled in Lubin’s undergraduate and graduate programs in Downtown and Midtown New York City, and Pleasantville and White Plains in Westchester County, New York. www.pace.edu/lubin.

A private metropolitan university, Pace has campuses in New York City and Westchester County, New York, enrolling nearly 13,500 students in bachelor’s, master’s, and doctoral programs in the Dyson College of Arts and Sciences, Lienhard School of Nursing, Lubin School of Business, School of Education, School of Law, and Seidenberg School of Computer Science and Information Systems. www.pace.edu.