Financial Executives International Issues Statement in Response to SEC's IFRS Workplan

FLORHAM PARK, N.J., Feb. 24 /PRNewswire/ -- Financial Executives International (FEI), the professional association of choice for senior-level financial executives, issued today the following statement regarding the announcement by the U.S. Securities and Exchange Commission:

FEI is pleased with the SEC's decision to issue a Statement informing the public of its position and plans with respect to its proposed 'IFRS Roadmap.' We applaud the SEC for developing a Workplan to address issues raised by FEI and others in response to the proposed IFRS Roadmap with respect to public companies. We also look forward to providing expert input on behalf of the issuer community to the SEC as it addresses the important questions in the Workplan, including the impact on issuers' controls and procedures, corporate governance considerations, cost and human capital considerations, the impact on other regulatory filings, as well as investor understanding and education issues.

About FEI

Financial Executives International is the leading advocate for the views of corporate financial management.  Its 15,000 members hold policy-making positions as chief financial officers, treasurers and controllers.  FEI enhances member professional development through peer networking, career management services, conferences, teleconferences and publications.  Members participate in the activities of 85 chapters, 74 in the U.S. and 11 in Canada. Visit www.financialexecutives.org for more information.

SOURCE Financial Executives International (FEI)