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"Condorsement" Visionary Replaces Kroeker at SEC

Tammy Whitehouse | July 18, 2012

Paul Beswick, the deputy chief accountant at the Securities and Exchange Commission who coined the phrase “condorsement” to suggest a possible U.S. path toward international accounting standards, has been appointed acting chief accountant at the SEC.

Beswick will replace James Kroeker, who resigned as chief accountant last week to return to private practice. As deputy chief accountant, Beswick was the staff director responsible for the study launched in February 2010 to produce a work plan that would help the SEC determine whether, when and how to move the United States into International Financial Reporting Standards. Kroeker departed after delivering the staff's final report on...

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