The CEO Council announced that it will hold its second meeting of public company executives and service providers in Chicago on August 8, 2005, preceding the SEC's Advisory Committee on Smaller Public Companies hearing, which will take place on August 9 and 10. The purpose of the meeting is to...
Securities and Exchange Commission Chairman William H. Donaldson announced the establishment of an advisory committee to assist the Commission in examining the impact of the Sarbanes-Oxley Act and other aspects of the federal securities laws on sma Securities and Exchange Commission Chairman William H....
Once again, it's time to take a good look at Washington efforts surrounding the complexity crisis in financial reporting. In a column last October, this writer examined the highly lauded formation of the U.S. Securities and Exchange Commission's (SEC Once again, it's time to take a...
QED Connect, Inc. (PINKSHEETS: QEDN), aninnovative Software-as-a-Service SaaS provider for the informationsecurity market, today announced it has completed a series of strategicmilestones consistent with previously announced plans to restructureoperations and strengthen its financial position. The Company hasimplemented the recommendations of its advisory committee, originallyformed in May, strengthening its abilities to...
NIRI Executive Linda Kelleher To Discuss SECAdvisory Committee on Improvements to Financial Reporting CIFIR Recommendations; Mini-Workshop Focuses on Online Annual Reports CHICAGO -- The winners of the 18th annual Midwest Annual Report Awards competition previously known as the Triad Awards of the Chicago Chapter of the National...
"Our recommendations would make financial reports more useful to investors--with clearer guidelines, fewer exceptions and greater focus on really important information." - Robert C. Pozen, chair, SECAdvisory Committee on Improvements to Financial Reporting...
An SECadvisory committee has submitted a report containing 25 recommendations to make financial information more useful and understandable to investors by providing proposals to improve financial reporting in five main areas: [ILLUSTRATION OMITTED] * Increasing the usefulness of SEC filing information. * Enhancing...
CHICAGO -- Grant Thornton LLP has endorsed the recommendations of the SECAdvisory Committee on Improvements to Financial Reporting CIFiR, calling the committee's report a catalyst for future action to make public company financial reporting more relevant, accessible and reliable. "Grant Thornton LLP enthusiastically supports the recommendations in...
[ILLUSTRATION OMITTED] Since the dawn of Sarbanes-Oxley in 2002, corporate governance--or more specifically, the mandated method to achieve strong corporate governance--has been under fire. For critics, the costs of SOX have far outweighed its benefits. According to the SEC's Advisory Committee of Smaller Public Companies, the bill for...
Committee on Corporate Reporting CCR; Staff Liaison: Christine DiFabio CCR's quarterly meeting, March 5-7, at the Ritz Carlton in Dana Point/Laguna Niguel, Calif., included updates from FASB Member George Batavick and IASB Member Mary Barth, a lengthy session on International Financial Reporting...
It has apparently gone unnoticed that the SECAdvisory Committee on Improvements to Financial Reporting CIFiR, which I mentioned last month, will recommend to the Securities & Exchange Commission SEC to begin phased-in, mandatory adoption of XBRL tagging. The "developed proposal" that was published at the Committee's January 11 meeting...
The recent recommendations made by the Commerce Department's Deemed Export Advisory Committee will have a "significant negative impact on U.S. technological leadership" and should not be adopted, according to a group of 12 large business associations. The coalition, led by the National Foreign Trade Council, said the committee's recommendations would...
SAN FRANCISCO -- Hall Capital Partners LLC today announced that John F. Boneparth will join the firm as President. Mr. Boneparth will join Chief Executive Officer and Chief Investment Officer Kathryn A. Hall and Director of Investment Advisory Services John W. Buoymaster as a member of the firm's Executive Committee....
Following are some of the more significant actions and events that took place at the AICPA Board of Directors' meeting Dec. 6-7, 2007: * Chairman of the Board of Directors Randy Fletchall reported he had addressed the National Association of State Boards of Accountancy annual meeting. He said state adoption...
Securities regulators from Canada, China, India, Japan and US to address business executives, analysts, tool developers, accountants and bankers on XBRL implementation Featured speakers include: * Christopher Cox, Chairman, US Securities and Exchange Commission * Don Tapscott, Author, Wikinomics * David Wilson,...
There is much discussion in the accounting profession regarding the complexity of current accounting rules. The sec just established an advisory committee to reduce unnecessary complexity (Release 33-8817, June 27, 2007). A paper presented by the major accounting firms said: "Rules increase complexity and actually can decrease the meaningfulness of...
EXECUTIVE SUMMARY * Section 407 of SOX requires public company disclosure of "financial expert" participation on an audit committee but stops short of requiring one. Reasons for not including one must be disclosed. CPAs have become prime candidates to serve in this capacity...
One can only hope that Securities & Exchange Commission SEC Chairman Chris Cox's new SECAdvisory Committee on Improvements to Financial Reporting is a little more successful than his last advisory committee. That would be the one that made recommendations on how to make Section 404 of the Sarbanes-Oxley Act...
The U.S. economy will sec continued moderate growth through 2008 as the housing market stabilizes, the American Bankers Association Hconomic Advisory Committee sait) June 13. There was broad agreement that die drag from homebuilding will fade and overall economic growth will pick up through the end of this year and...
Most of Sarbanes-Oxley s section 404 accelerated filers are in years two and three of compliance, so the time and cost burdens have subsided to a more manageable level compared with 2004-2005. Nonaccelerated filers, however, will be facing their own first-year challenges beginning in 2007. Smaller public companies will not...
Articles 2007-01-01
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