The Securities and Exchange Commission will take quick action on what it learns at this week’s SEC Roundtable on Implementation of Internal Control Reporting Provisions. That’s the pledge of Donald Nicolaisen, chief accountant of the SEC, in a written statement preceding the event.
“Because many registrants are or soon will be evaluating their internal control processes for 2005 and integrated audits are or soon will be planned and organized, we intend to act expeditiously on what we learn,” Nicolaisen said. “We intend to consider the feedback we receive carefully and evaluate whether there is additional guidance we can provide that benefits investors while—where possible—lowering the cost for companies.”
