Apparently the Securities and Exchange Commission achieved so much acclaim last year when it published its Financial Reporting Manual last year that the agency is doing it all over again.
Speaking yesterday at Financial Executives International’s annual financial reporting conference, the top accountant at the SEC’s Division of Corporation Finance, Wayne Carnall, said he and his staff want to raid all the wisdom and good ideas currently posted on the website of the Center for Audit Quality’s SEC Regulations Committee, and sweep said wisdom into an updated version of the Financial Reporting Manual that should be published by fall 2010.
