SEC Committee To Examine Financial Reporting

Law360, New York (June 28, 2007, 12:00 AM EDT) -- As part of an ongoing effort to make information more accessible for investors, the U.S. Securities and Exchange Commission has created an advisory committee charged with assessing financial reporting systems and suggesting ways to simplify their processes.

The SEC Advisory Committee on Improvements to Financial Reporting, announced by the Commission on Thursday, will “study the causes of complexity and recommend to the Commission how to make financial reports clearer and more beneficial to investors, reduce costs and unnecessary burdens for preparers, and better utilize advances in...
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