"What Does a New World Accounting Order Mean for Audit Committees?"

Financial Executives International (FEI) recently posted a reprint of a Q&A session with former FASB Chairman Dennis Beresford regarding the SEC's Concept Release on permitting U.S. companies to use IFRS when filing their financial statements with the SEC. The Q&A article, titled "What Does a New World Accounting Order Mean for Audit Committees?", originally appeared in the August 2007 issue of KPMG's Audit Committee Insights newsletter. The article describes some of the significant implications that Convergence will have for audit committees and many other aspects of corporate governance.