Not long ago the Securities and Exchange Commission Chief Accountant James Kroeker announced the establishment of periodic public roundtables called the “Financial Reporting Series.” The goal of the series is to bring together representatives of various stakeholder groups to discuss risks related to financial information provided to investors and how to improve them. I see this as an important and welcome development.
The SEC plans to hold these roundtables with a cross-section of investors, issuers, and auditors starting later this year, to discuss emerging issues and risks in the U.S. reporting system. Senior representatives of the Financial Accounting Standards Board ...