NASBA to Host Forum of International Accountancy Regulators

Discussions May Redefine the Foundation of Accounting Regulation

BOSTON, Oct. 23 /PRNewswire-USNewswire/ -- International Accounting Regulators
from China, Germany, Poland and more than 15 countries will meet in Boston,
Mass., (Westin Copley Place) on October 29-30, 2008, to participate in a forum
focusing on the critical issues that may redefine the foundation of
accountancy regulation throughout the world.

Attendees to the Forum of International Accountancy Regulators (FIAR) will
discuss international financial reporting standards (IFRS), the maintenance of
professional competency and global public protection.

Currently, the Securities and Exchange Commission (SEC) is evaluating the
adaptability of IFRS within the accounting structure of U.S. public companies.
Meanwhile, foreign accounting regulators struggle with the cross-border
practice of accountants, as well as different requirements for the various
credentials enjoyed by hundreds of thousands of qualified accountants.

Mark Olson, chair of the Public Company Accounting Oversight Board (PCAOB)
will join Robert Bunting, chair of the International Federation of Accountants
(IFAC) to provide an international overview of the profession. Other notable
speakers include the Honorable Aulana Peters, member of the Public Interest
Oversight Board, Mark Allison, Executive Director of The Institute of
Chartered Accountants of Scotland and Dr. Zhonghui Zhou, Chief Accountant of
the China Securities Regulatory Commission.

The National Association of State Boards of Accountancy (NASBA) will host the
FIAR in conjunction with its 101st Annual Meeting on October 26-28, 2008. The
organization's mission is to enhance the effectiveness of U.S. state boards of
accountancy in meeting their regulatory responsibilities. NASBA promotes the
exchange of information among the accountancy boards, serving the needs of the
55 U.S. jurisdictions. The Association is headquartered in Nashville,
Tennessee.

CONTACT:Linda Biek, CPA Director,
International Relations,
615-294-6200,
lbiek@nasba.org

Thomas G. Kenny
Communications Director
615-880-4237
tkenny@nasba.org

SOURCE National Association of State Boards of Accountancy - NASBA

Linda Biek, CPA Director, International Relations, +1-615-294-6200,
lbiek@nasba.org, or Thomas G. Kenny, Communications Director, +1-615-880-4237,
tkenny@nasba.org, both of National Association of State Boards of Accountancy