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.
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