FASB & IASB Convergence Panel Event to Discuss Implications of Accounting Standards Update

April 27, 2011 - PRLog -- This Friday, April 29th, SolomonEdwardsGroup will host the second panel event of their five part series for convergence planning.  The newly anticipated standards expected under the convergence of US GAAP and IFRS will necessitate substantial lead time to study the potential impact on business operations, human resources, technology and the overall time and cost needed to achieve compliance.

The following panel will discuss current plans and the potential impact of these rulings with an audience of over 80 accounting and financial professionals.  

Michael Cleary, Vice President of Accounting and Financial Reporting, The Boeing Company
Tim Gordon, Senior Partner, Americas Financial Accounting Advisory Services, Ernst & Young
Michael Maffei, Director of Accounting Policy, Planning, and Research, GATX Corporation
John Covell, Vice President of Corporate Audit, General Growth Properties
Moderator: Brian Markely, Partner, SolomonEdwardsGroup

For thirty years, lease accounting standards have remained unchanged. This exposure draft will greatly alter the reporting activities of companies in every industry.  From a survey of attendees, companies rank their readiness for convergence at 4.5 from a scale of 1 (not ready) to 10 (completely ready).  The panel hopes to shed light on how to better prepare for the future requirements of financial statements.

To register or for more information, please go to http://www.solomonedwards.com/event-registration-chicago.... or call the Chicago office of SolomonEdwardsGroup at 312-466-0101.

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About SolomonEdwardsGroup, LLC
SolomonEdwardsGroup, LLC (SEG) is a leading business advisory and staffing solutions firm. Our customized solutions provide our clients with the right combination of talent and know-how to achieve their business objectives. With practices specialized in CFO Services and Banking & Financial Services, our strength lies in our ability to tactically assist clients with special projects, business process optimization initiatives, and regulatory compliance requirements.

Our Technical Accounting & Regulatory Advisory professionals work with our clients to meet their compliance requirements and business objectives. Our team serves a global client base with regulatory compliance, financial reporting and consultations on complex accounting matters.