IFRS Foundation boosts SME group

The IFRS Foundation has recruited Keith Peterka to join its recently created
SMEs implementation group.

The foundation is an independent not-for-profit organisation tasked with
creating a set of International Financial Reporting Standards through its
standard setting body the International Accounting Standards Board.

The US will make a final decision in 2011 on whether it would adopt IFRS,
according to Mary Schapiro, the Securities and Exchange chairwoman.

In his new role Peterka will work to support global adoption of IFRS for SMEs
and to monitor implementation.

Peterka currently works at Mayer Hoffman, one of the largest accountancy
firms in the US.

Since joining the business in 2008 he has focused on IFRS, fair value
accounting and auditing.

Further reading:

culture: newly qualified accountants will bear the IFRS burden

adoption of IFRS remains “highly uncertain”, trustee warns

business execs still unsure about IFRS

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