SEC IFRS Roadmap Coming Aug. 27; Bernanke on Reducing Systemic Risk; PCAOB Ruled Constitutional
By Edith Orenstein, FEI Financial Reporting Blog - The SEC announced this afternoon (Aug. 22) that it will consider proposing an IFRS Roadmap at an open commission meeting on Wed. Aug. 27.
Separately, in a speech earlier today at the Federal Reserve Bank of Kansas City's Annual Economic Symposium in Jackson Hole, Wyoming, Federal Reserve Board Chairman Ben S. Bernanke called for further consideration of systemwide or ‘macroprudential’ oversight.
In other news, a court ruled today in favor of the PCAOB in a case involving a challenge to the PCAOB’s Constitutionality.
See more details on the above topics here.