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RiskMetrics Group to Hold Webcast on Accounting Convergence: What Investors Need to Know about IFRSSubmitted by: Sarah Cohn, Communications

The U.S. Securities and Exchange Commission has released a proposed road map for U.S. publicly traded companies to transition to international financial reporting standards (IFRS). The SEC estimates that perhaps more than 100 companies will qualify for IFRS reporting as early as 2009, with the proposed shift being complete by 2015. This transition away from U.S. GAAP will create challenges for investors seeking to analyze and compare the financial statements of U.S. companies.

Marc Siegel, RiskMetrics Group?s Head of Accounting Research and Analysis, will lead a webcast on Wednesday, Sept. 17 at 10 a.m. that will outline what investors can expect from such changes. During the webcast, Mr. Siegel will also discuss:

-The potential impact this change in accounting standards has on the institutional investor.

-The SEC?s rationale and proposed timeline for moving companies to IFRS.

-Examples of how the IFRS and U.S. GAAP approach critical accounting issues differently in different industry sectors.

To register for the webcast, please visit here.

Full post as published by Institutional Shareholder Services -- Corporate Governance Blog on September 16, 2008 (boomark / email).