IFRS Summit to Address Changes in Reporting Standards

NEW YORK--(BUSINESS WIRE)--IQPC and Finance IQ have recently announced their IFRS Summit, taking place in New York City on December 4-5, 2008. The conference will offer CPE credits to attendees.

The IFRS Summit couldn’t come at a better time. Recently, the New York Times, Washington Post, CFO.com and other mainstream media outlets have warned the auditing and finance industries about the future changes that will take place with financial reporting standards. All public companies in the United States must change from GAAP to IFRS by the year 2014. It is time to start implementing a transition process. The Summit will walk through the logistics of setting up an IFRS strategic conversion plan and will discuss the overall adoption issues of IFRS in the US market.

While IFRS experts are hard to come by, Finance IQ has managed to gather prominent companies to speak at the December 4-5 Summit:

• Tom Jones, Vice Chairman, International Accounting Standards Board (IASB)
• Tim Deacon, VP, International Accounting & Policy and IFRS Conversion Project Lead, Manulife Financial
• Xuehui Li, Officer, World Bank Group
• Jean Pare, VP Financial Reporting, Bombadier Inc.
• Andreas Rothe, SVP and Global Controller, Parsons Brinckerhoff, Inc.
• Jeff Mahoney, General Counsel, Council of Institutional Investors
• Andreas Chrysostomou, Managing Director, Duff and Phelps
• Tyrone Cotie, C.A, Director of Corporate Finance & Investor Relations, Clearwater Seafoods Income Fund

Graduate departments in finance and public accounting must also learn the new reporting standards and incorporate them into their curricula. Survey results released Sept. 4, 2008 by KPMG LLP and the American Accounting Association show that “Relatively few universities currently have a strategy in place to incorporate International Financial Reporting Standards (IFRS) into accounting curricula in the 2008-2009 academic year.” IQPC is offering a special $999 pricing to those in academia.

For more information regarding the IFRS Summit, please contact Nan Shen, the conference producer at nan.shen@iqpc.com. The full agenda and other information can be found at the summit website, www.iqpc.com/us/ifrs.

With offices in twelve countries, IQPC provides business executives around the world with tailored practical conferences, large-scale events, topical seminars and in-house training programs, keeping them up-to-date with industry trends, technological developments and the regulatory landscape.