Contact: Bill Caldwell, Office of Public Information, Pace University, 212-346-1597, wcaldwell@pace.edu

Notes: This event is by invitation only. Members of the media must RSVP to attend. One-on-one interviews with the speaker may be possible. Email wcaldwell@pace.edu.

Sir David Tweedie, IASB Chairman, to Discuss Huge Global Challenges of Switch to International Accounting Standards with NY Times Floyd Norris at Pace University Lubin Breakfast, Wednesday, December 10

New York, NY – November 20, 2008 – As the accounting world moves toward the biggest changes in decades with global acceptance of International Financial Reporting Standards, Sir David Tweedie, Chairman of the International Accounting Standards Board, will address specific topics of interest to practitioners at Pace University’s Lubin Breakfast on Contemporary Accounting Issues. Tweedie will be interviewed by Floyd Norris, Chief Financial Correspondent of The New York Times.

The event takes place Wednesday, December 10, at Ernst & Young, 5 Times Square, 22nd Floor Café, New York, NY, from 8:00 to 9:30 a.m. Focus of the event: “Will The New Global Accounting Rules Work?”

Contentious issues and challenges will be raised:

• The IASB’s reaction to the U.S. Securities and Exchange Commission’s recent proposal to have all U.S. companies switch to IFRS by 2014. Is the SEC moving fast enough?

• What is being done to ensure full independence of the IASB as it carries out its role as global standard setter?

• What are some of the thorny issues that must be put on the top burner in the convergence project?

• Does the IASB chairman see the role of the International Organization of Securities Commissions changing as we move to a single global accounting standard?

Sir David was educated at the University of Edinburgh (B.Com., Ph.D). In 1990 he was appointed the first Chairman of the UK Accounting Standards Board (1990 – 2000) and the Chairman of the Urgent Issues Task Force. He served as National Technical Partner of KPMG Peat Marwick McLintock (1987 - 1990), National Research Partner of KMG Thomson McLintock (1982 - 1987), and Technical Director of the Institute of Chartered Accountants of Scotland (1978 - 1981). Between 1973 and 1978 was a Lecturer in the Department of Accounting at the University of Edinburgh. He qualified as a Chartered Accountant in 1972.

He has received a number of honorary degrees and professional awards, including the Institute of Chartered Accountants in England and Wales's Founding Societies Award (1997), awarded annually to a member who has made an outstanding contribution in any field of endeavor and the Chartered Institute of Management Accounting's CIMA Award (1998), awarded to non-members of CIMA who have made an outstanding contribution to the profession. He was awarded an Honorary Fellowship of the Association of Chartered Certified Accountants.

He has been a visiting professor at the University of Lancaster International Centre for Research in Accounting (ICRA), the University of Bristol and the University of Edinburgh.

He was knighted in 1994 for his services to the Accounting Profession.

Media admission by press card. RSVP to wcaldwell@pace.edu. Phone: 212-346-1597.

The Lubin School of Business is accredited for both business and accounting by AACSB International, an elite distinction shared by fewer than 3 percent of business schools worldwide. With a tradition of practice-oriented curricula, the school has achieved national recognition for both its graduate and undergraduate programs in U.S.News & World Report and other media. Approximately 4,000 students are enrolled in Lubin’s undergraduate, graduate and professional degree programs in Downtown and Midtown New York City, and Pleasantville and White Plains in Westchester. Prominent alumni include Melvin Karmazin, CEO, Sirius Satellite Radio; James Quinn, president, Tiffany & Co.; Ivan Seidenberg, chairman and CEO, Verizon; Marie Toulantis, former CEO, Barnes&Noble.com; and Richard Zannino, former-CEO, Dow Jones & Company. www.pace.edu/lubin.

For 102 years Pace University has produced thinking professionals by providing high quality professional education resting on a firm base of liberal learning, amid the advantages of the New York metropolitan area. A private university, Pace has campuses in New York City and Westchester County, New York, enrolling more than 13,000 students in bachelor’s, master’s, and doctoral programs in its Lubin School of Business, Dyson College of Arts and Sciences, Lienhard School of Nursing, School of Education, School of Law, and Seidenberg School of Computer Science and Information Systems. www.pace.edu

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