Significant public policy groups are jumping on a bandwagon to make corporate reporting more meaningful and useful and in a form that investors (institutional and individual alike) can digest in making better investment decisions. In the lead has been the Securities and Exchange Commission’s Advisory Committee on Improvements to Financial Reporting, which submitted its final report to the SEC last month.
Another organization that has joined the bandwagon is the Center for Audit Quality, affiliated with the American Institute for Certified Public Accountants. The CAQ conducted a 10-city public dialogue tour that began April 2007 in Denver and ended in Washington, ...