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Beswick steps into Kroeker’s shoes at SEC

The official who was staff director of the SEC’s project on the implications of incorporating International Financial Reporting Standards (IFRS) into the financial reporting system for US companies, has been named as the organisation’s acting chief accountant, Paul Beswick.

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The chief accountant oversees accounting interpretations, international accounting matters and professional practice issues. The final staff report of the project that examined IFRS incorporation came out on July 13, the day James Kroeker, Beswick’s predecessor, left the SEC.

In his last role as deputy chief accountant, Beswick who has been with the SEC since September 2007, was responsible for the day-to-day operations of the office's accounting group, including resolution of accounting practice issues, rulemaking, as well as oversight of private sector standard-setting efforts.

Beswick was formerly a partner in Ernst & Young’s professional practice and risk management group in the US. He was a practice fellow at the Financial Accounting Standards Board from July 2005 to June 2007.

FURTHER READING

SEC report omits timeline for IFRS and highlights income tax problems

Accountants look for G20 commitment to IFRS

Congress takes fresh look at cutting US non-compliance

 

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