Global Accounting Language: Do Capital Markets Benefit?
August 21, 2007: 7:00 PM - 9:00 PM
Over the last number of years, the quest for a global accounting language has gained considerable momentum. Almost 100 countries have decided to require the use of International Financial Reporting Standards (IFRS) for listed companies at some point in the near future. In the EU, IFRS reporting is mandatory since the end of 2005. The main objective of this requirement was to increase the transparency and comparability of financial reports, and ultimately to improve the functioning of the EU capital markets. Have these expected benefits materialized? Join us for an evening with Professor Christian Leuz who will asnwer this question.
Hilton Hotel Frankfurt
Register By Email
7:00 PM-9:00 PM: Program and Networking Reception
David Hart, '97 (EXP-2)
Professor Leuz has conducted several research studies on the economic consequences of international reporting, in particular issues relating to market liquidity and firms' cost of capital. He was also asked by the Committee of European Securities Regulators (CESR) to prepare a research report on the capital-market effects of IFRS adoption in the EU. In his talk, he will share key findings of the report and his research studies with us. He will also discuss key challenges going forward as well as touch on related regulatory issues, such as recent governance regulations (such as the Sarbanes-Oxley Act).