SEC's Hewitt, At FASB Forum, Amplifies Cox' Remarks On IFRS Rulemaking Coming This Summer;FEI Supports Global Stds, Forms CRIFR

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By Edith Orenstein, FEI Financial Reporting Blog - SEC Chief Accountant Conrad Hewitt, speaking earlier today at FASB’s Forum on High Quality Global Accounting Standards, further amplified the status of SEC’s upcoming “IFRS Roadmap,” following on direct remarks on this topic by SEC Chairman Christopher Cox which Cox made last week.

FEI President and CEO Michael P. Cangemi, speaking at today’s FASB Forum, noted that “FEI has been on the record supporting high quality international standards promulgated by the IASB.” He added “We were for the elimination of the reconciliation,” and, “we look forward to continuation of the debate, and applaud FASB for setting up the roundtable today.” He noted additional views, and mentioned that FEI recently formed the Corporate Roundtable on International Financial Reporting.

The live webcast of FASB's Forum will continue to 4pm today; see more highlights from this morning's session here.

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