The Clearing House Association submitted a comment letter to the SEC on its Work Plan for global accounting standards. The Clearing House recommends that: (i) the U.S. have adequate voting representation in the IFRS Foundation and the IASB; (ii) the IASB remain committed to and continues to enhance a robust due process; and (iii) the IFRS Foundation must ensure that the IASB has a permanent and independent global funding source.