The Securities and Exchange Commission’s Advisory Committee on Improvements to Financial Reporting has kept itself busy this spring. In February, it issued a progress report that summarized its potential recommendations to simplify financial reporting; in March and May, it held follow-up meetings to discuss those ideas more thoroughly. I’ve already written about CIFR’s recommendation regarding a professional judgment framework, but there are a lot of other interesting potential recommendations that deserve some consideration, too—not just from the members of the committee, but also from Compliance Week readers.
