The Securities and Exchange Commission has named Paul A. Beswick as acting chief accountant in the Office of the Chief Accountant, succeeding James Kroeker, who left the SEC last Friday.
In his new role, Mr. Beswick will oversee accounting interpretations, international accounting matters, and professional practice issues. The announcement came on the heels of the SEC’s release of a final staff report Friday on International Financial Reporting Standards, detailing the pros and cons of using IFRS in the U.S. (see SEC Releases Staff Report on IFRS Work Plan). Beswick, formerly the deputy chief accountant at the SEC, assisted Kroeker in preparing the work plan over the past two and a half years. He is credited with coining the word, “condorsement,” to describe a combination of convergence and endorsement.
Register or login for access to this item and much more
All Financial Planning content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access