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SEC and Financial Reporting Institute Conference: Speech by the SEC Deputy Chief Accountant

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Jun 09, 2016

On June 9, 2016, the Securities and Exchange Commission (SEC) released a speech by Wesley Bricker, SEC Deputy Chief Accountant, where he talks about the ways management, audit committees, auditors, and other constituents can reinforce the credibility, reliability, and usefulness of financial reporting for investors.

In his speech, he addresses:

  • Implementation activities related to the recently issued standards on revenue recognition and leasing;
  • Continued focus on internal control over financial reporting (ICFR);
  • Opportunities to provide input to the Public Company Accounting Oversight Board (PCAOB) regarding its important standard setting activities; and
  • Continued vigilance on the responsibilities for maintaining auditor independence.

Review the speech on the SEC's website.

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