High-Quality Global Accounting Standards: Issues and Implications for US Financial Reporting

As an initial step towards the creation of a national transition plan, the US Financial Accounting Foundation (FAF) and Financial Accounting Standards Board (FASB) are holding a forum, High-Quality Global Accounting Standards: Issues and Implications for US Financial Reporting, on June 16, 2008 in New York. The goals of the forum are two-fold: (1) to open the dialogue with constituents about whether and how to move the US financial reporting system to IFRS, and (2) to define the next steps in the process.