In a recent speech at a financial reporting conference, SEC Chief Accountant Donald Nicolaisen stated that—based on recent conversations with investor groups and firms like Moody’s—not all SOX 404 material weaknesses are likely to be viewed as equally significant. During the speech, delivered at the 11th Annual Midwestern Financial Reporting Symposium in Chicago, Nicolaisen acknowledged […]
SEC: Office of the Chief Accountant
Posted inAccounting & Auditing
SEC Study On Principles-Based Accounting System
Complete text of the SEC study on the adoption by the U. S. financial reporting system of a principles-based accounting system.