Comments on the Securities and Exchange Commission's Proposed IFRS Roadmap (International Financial Reporting Standards‪)‬

April 20, 2009 On April 20, 2009, Tax Executives Institute submitted the following comments to the Securities and Exchange Commission on its proposed "roadmap" for the potential use of financial statements prepared in accordance with International Financial Reporting Standards. TEI's comments were prepared under the aegis of its Financial Reporting Committee, whose chair is Terilea J. Wielenga of Allergan, Inc. The following members contributed to the preparation of TEI's comments: Victor Ledesma, Kimberly-Clark Corporation; Janice L. Lucchesi, Akzo Nobel Inc.; Nanci S. Palmintere, Intel Corporation; Donald J. Rath, Synposys, Inc.; and Janet M. Rudnicki, Halliburton Company. Eli J. Dicker, TEI's Chief Tax Counsel, serves as legal staff liaison to the committee.