Haworth College of Business News

Leisenring to headline WMU conference on International Financial Reporting Standards

This event has been postponed. More information will be provided as it becomes available.

Will the world be moving to a single set of accounting standards? There’s one Haworth College of Business alum who know more about this topic than most.

James Leisenring, MBA ’64, senior advisor, Financial Accounting Standards Board, is literally setting the standard. He joins James Kroeker, chief accountant, Securities and Exchange Commission to address accountants about a proposal to adopt the International Financial Reporting Standards at a day-long conference to take place at WMU in late October. The proposal would integrate the IFRS and generally accepted accounting principles (GAAP) standards into a single-set of high quality standards.

Hosted by the WMU Gamma Rho Chapter of Beta Alpha Psi, in conjunction with WMU’s Haworth College of Business, the IFRS conference, titled “What you need to know now!” will take place on Thursday, Oct. 27 from 7:30 a.m. to 4:30 p.m. at the Fetzer Center. Participants can receive eight credit hours of continuing professional education recognized by the State of Michigan for attendance at the event.

Key speakers, topics and highlights include:

·         8:10 a.m. - James Leisenring, Senior Advisor, Financial Accounting Standards Board, “History and Update of Convergence”

·         8:50 a.m. – Ron Edmonds, Vice-President and Controller, The Dow Chemical Company, “SEC Registrant Perspective”

·         10:10 a.m. – James Kroeker, Chief Accountant, Securities and Exchange Commission, “SEC Discussion on IFRS”

·         10:55 a.m. – Dr. Roger Tang, WMU Professor of Accountancy and Upjohn Chair of Business Administration, “Major Differences between IFRS and GAAP”

·         12:40 a.m. – James Leisenring, “Technical Project Updates”

·         1:25 p.m. – David Schmid,Partner, Transaction Services – Accounting and Financial Reporting, PricewaterhouseCoopers LLP, “Preparing Within the Core Practice of Assurance”

·         2:45 p.m. – Dr. Ola Smith, WMU associate professor of accountancy, will moderate a question and answer session.

Mike Eubanks, conference coordinator and president of BAP, says the goal of the conference is “for participants to gain insight and get familiar with some of proposed changes as it pertains to potentially adopting the international standards. The program will provide practical information to all levels of participants.

“In addition to professional accountants, we are inviting students from area business schools to participate in the day’s events,” says Eubanks. “We are targeting students at the senior and master level at WMU and surrounding universities.”

“The Beta Alpha Psi officers have spent much time and effort planning the conference,” says Dr. Don Gribbin, chair, Department of Accountancy. “The organization has demonstrated great initiative in this undertaking.”