The last year since I left the Securities and Exchange Commission has been a real eye-opener for me in lots of ways.
Among the surprises that I’ve encountered are a number of widely held beliefs about the SEC staff that are simply incorrect. This has been reinforced during the past few months, as I’ve read the preliminary papers published by the subcommittees of the SEC Advisory Committee on Improvements to Financial Reporting (CiFIR), conversed with others at the American Institute of Certified Public Accountants’ SEC and PCAOB Developments Conference, and worked on issues with my clients.
So in the name ...