FASB Launches Series of Webcasts with
Towards a Global Reporting System: Where Are We and Where Are We Going?

The Financial Accounting Standards Board (FASB) is pleased to announce the launch of a series of periodic webcasts focusing on topics of importance to its constituents. The first FASB webcast, entitled Towards a Global Reporting System: Where Are We and Where Are We Going?, is scheduled for Tuesday, January 8, 2008, from 10:30 a.m. to 11:30 a.m. (EST), and will feature a panel of experts discussing international convergence of accounting standards.

Panelists Robert Herz, Peter Bridgman, Greg Jonas, and Sam Ranzilla will discuss the implications of moving the U.S. toward adoption of International Financial Reporting Standards (IFRS). Moderated by Wall Street Journal reporter David Reilly, the panel will cover topics that include steps necessary to ensure a successful transition to IFRS; how this transition will provide better information to investors; and progress made by the FASB and the International Accounting Standards Board (IASB) to create a common set of high-quality global accounting standards. Robert Herz is Chairman of the FASB; Peter Bridgman is Senior Vice President and Controller of PepsiCo, Greg Jonas is Managing Director of Moody’s Investors Service, and Sam Ranzilla is a Partner at KPMG LLP.

The live webcast is offered free of charge. Viewers will have the opportunity to email questions to panelists during the event. The webcast will be archived on the FASB website for access by the public. To register for the live and/or archived webcast, follow the audience URL at http://w.on24.com/r.htm?e=98883&s=1&k=6E1FE1267FC56B24EDA45AA5C0049702

To subscribe to an email notification service for future FASB webcasts:

• Send an email to Join-fasb-webcast@listserv.lists.fasb.org. (It is not necessary to include any additional information in the subject line or body of your email.)

• You should receive a message asking you to confirm that you want to subscribe to the service.

• The message will prompt you to follow a few instructions to reply back.

• If you do not receive a confirmation email in a timely manner, send an email to list_support@f-a-f.org.