Tweedie, Herz, Cherry to discuss financial reporting

Tweedie, Herz, Cherry to discuss financial reporting: "Last spring, when he was chairman of the International Accounting Standards Board (IASB), Sir David Tweedie made a case for principles-based accounting standards.

“I believe that this approach is superior,” he said during a speech to the U.S. Chamber of Commerce.

Tweedie was advocating for standards based on principles rather than rules as he pushed for incorporation and use of IFRS for public companies in the United States.

Principles-based vs. rules-based standards is one of many topics expected to come up Tuesday when Tweedie joins IFRS Advisory Council Chairman Paul Cherry and Bob Herz, a former FASB chairman, as part of a panel discussion on financial reporting’s past, present, and future."

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