The SEC's Advisory Committee on Improvements to Financial Reporting has published its final report. The report makes recommendations within the following five areas:- Increasing the usefulness of information in SEC filings
- Enhancing the accounting standards-setting process
- Improving the substantive design of new standards
- Delineating authoritative interpretive guidance
- Clarifying guidance on financial restatements and accounting judgments
For further information, including a video commentary provided by SEC Chairman Cox and Advisory Committee Chairman Pozen, click here.
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