The FASB and IASB have targeted the end of 2011 for finalizing a host of new account­ing standards.  Their convergence work plan represents a large shift in the account­ing and financial reporting landscape, the likes of which U.S. companies have prob­ably never before experienced. Virtually all U.S. companies will be affected by the changes, irrespective of the SEC’s timeline for transition to IFRS.  These accounting changes follow one of the more active periods of corporate downsizing, potentially increasing pres­sure on already lean corporate resources and with likely significant im­pacts on information systems, processes and controls, income taxes, and other ar­eas within the organization.  Please join us for the first meeting in 2011 and gain a better understanding of the coming changes and the potential implications for Internal Audit and your organization’s financial reporting risk profile.

Sam Doolittle

Sam is a Partner in Deloitte & Touche’s Financial Accounting and Advisory Services practice.  He is the West Coast leader of the Global IFRS Offerings Services (GIOS) group and he has led the development of Deloitte’s IFRS assessment and conversion methodology in the United States.  He has more than 17 years of experience serving large multinational corporations, and he consults with many of Deloitte’s most strategic West Coast clients on IFRS matters, including assessments, conversion considerations, and technical accounting matters.  Sam also has extensive experience with global companies in the areas of financial reporting, mergers and acquisitions, internal controls, international expansion and operations, federal and state taxation and information systems.  Sam is a frequent speaker on a variety of global financial reporting topics.