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

Status of increasing international moves toward common accounting standards for businesses and governments assessed in special issue of “The CPA Journal” based on annual forum at Pace University’s Lubin School of Business

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NEW YORK, NY, July 21, 2009 – The July issue of The CPA Journal features a collection of articles on Pace University’s Lubin Forum on Contemporary Accounting Issues with many insights into the increasing international moves toward common accounting standards for businesses and governments.

Pace University’s Lubin School of Business organizes the Annual Lubin Forum on Contemporary Accounting Issues. The focus of this year’s event, presented in conjunction with The International Accounting Standards Board on April 30, was “International Accounting Standards: Going from the Talk to Doing the Walk.”

Keynote speakers included Tom Jones, Vice Chairman of the International Accounting Standards Board; Robert Herz, Chairman of the Financial Accounting Standards Board; Samuel A. DiPiazza, Jr., Global CEO of PricewaterhouseCoopers; and Edward E. Nusbaum, CEO of Grant Thornton.

Speakers addressed a variety of topics like the economic crisis and the SEC’s roadmap to move to IFRS; politics and independence in standards setting; disparity in enforcement mechanisms and auditing standards across the globe; fair value and mark-to-market accounting; and the possible paths of convergence and conformity to IFRS.

The July issue of The CPA Journal is available at http://viewer.zmags.com/publication/a8fe9ceb#/a8fe9ceb/1

The Lubin School of Business is a national leader in promoting informed discussions of issues involved in international accounting standards. In addition to this third annual conference, the school has held a number of breakfast sessions on the subject and offered half-day update sessions for accounting professionals. Since the fall of 2008, information about international standards has been included in many Lubin accounting courses.

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 103 years Pace University has produced thinking professionals by providing high quality education for the professions 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 nearly 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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