Summary: Thoughtful planning is an effective way to manage long-term costs and avoid expensive surprises. As companies develop strategies for managing through the economic downturn and evaluate their short- and long-term priorities, some leaders are factoring International Financial Reporting Standards (IFRS) into their plans today. Recognizing the value of planning ahead and the need to competitively position the organization for the future, forward-thinking leaders in the U.S. are taking steps now to prepare their organizations for IFRS. Highlights: -The economy is in challenging times, and companies have a lot on their plates. Why are we talking about IFRS now? -How are companies responding to recent Securities and Exchange Commission (SEC) developments regarding IFRS? -Converting to IFRS isn't just about a change in accounting policies. What areas will most likely be affected by a transition? -How will the role of chief financial officer (CFO) be changed by IFRS, and what can CFOs do to prepare? Guests: Donald J. (D.J.) Gannon, partner, Deloitte & Touche LLP Alfred Popken, principal, Deloitte & Touche LLP Joel Osnoss, partner, Deloitte & Touche LLP
