for example, fasb will allow board members to discuss and resolve issues face-to-face. they have increased efforts to work through unified teams which include members of both words. both have committed to periodic public reports on the status of their efforts. i believe these actions will continue to increase the effectiveness of the collaborative efforts by the board and i'm sure that fasb leslie chair leslie seidman and sir david tweedie will have much more to stem the subject when they join me tomorrow. convergence is a top priority for the sec, but if both boards recognize resulting standards in addition to being uniform must be high quality improvement over current standards. constituent review and comments are important parts of the process that will produce high-quality standards that investors need. for example, they were the driving force behind the board's decision to modify reprioritize the standard being developed on a joint agenda. the resulting staggered schedule for issuing the exposure draft will allow for greater input by stakeholders. this will create

and so the sec continues to monitor the progress being made by the fasb andy iasb on the convergencendards. as expected, the path towards convergence has proved steep and winding at times, but both boards have responded to the challenges. for example, fasb and the isp launch intensified efforts to deliver issues jointly in monthly meetings which will allow board members to discuss and resolve issues face-to-face. they have increased efforts to work to unify project teams which would members of both boards. and both have gave it to periodic public reports on the status of their effort. i believe these actions will continueo increase the effectiveness of the collaborative efforts by the boards, and i'm sure that fasb acting chair leslie seidman and iasb chair sir david tweedie, we'll have much more to say on this subject when they join me tomorrow. convergence is a top priority for the sec, but it's both boards recognize the resulting standard in addition to being in uniform must be high quality improvements over current standards. constituent review and comment are important parts of

and so the sec continues to monitor the progress being made by the fasb andy iasb on the convergence of international accounting standards. as expected, the path towards convergence has proved steep and winding at times, but both boards have responded to the challenges. for example, fasb and the isp launch intensified efforts to deliver issues jointly in monthly meetings which ill allow board members to discuss and resolve issues face-to-face. they have increased efforts to work to unify project teams which would members of both boards. and both have gave it to periodic public reports on the stus of their effort. i believe these actions will continue to increase the effectiveness of the collaborative efforts by the boards, and i'm sure that fasb acting chair leslie seidman and iasb chair sir david tweedie, we'll have much more to say on this subject when they join me tomorrow. convergence is a top priority for the sec, but it's both boards recognize the resulting standard in addition to being in uniform must be high quality improvements over current standards. constituent review and

and so the sec continues to monitor the progress being made by the fasb andy iasb on the convergence of international accounting standards. as expected, the path towards convergence has proved steep and winding at times, but both boards have responded to the challenges. for example, fasb and the isp launch intensified efforts to deliver issues jointly in monthly meetings which will allow board members to discuss and resolve issues face-to-face. they have increased efforts to work to unify project teams which would members of both boards. and both have gave it to periodic public reports on the status of their effort. i believe these actions will continue to increase the effectiveness of the collaborative efforts by the boards, and i'm sure that fasb acting chair leslie seidman and iasb chair sir david tweedie, we'll have much more to say on this subject when they join me tomorrow. convergence is a top priority for the sec, but it's both boards recognize the resulting standard in addition to being in uniform must be high quality improvements over current standards. constituent review a

corporations, the iasb funding model, and observations regarding the important role that could be played by fasbr domestic companies. i am pleased with progress to dateand i remain optimistic about hieving a convergence that benefits invested in the u.s. and around the world. a significant portion of the work plan remains in progress, and the commission works for two preceding period reports on the step into making more progress in the year ahead. day, investors are trying to shake theirs giddiness. they are aking if everyone from regulators to accounting, doing the job they expect us to do. and that's a fair question. and because investor caution makes it harder for dynamic enterprises to raise the money they need to expand and grow, it's important that investors get the answers they need. i believe the sec is on track doing the job that is expected of us as a rule maker, an examiner, and a law enforcer. but the importance of the accounting professionals cannot be overstated either. it's not just new rules and regulations that protect investors. it's accurate, honest and complete accounting i m