Combatting complexity in accounting
13 Dec 2005
Although he touched only briefly on accounting matters, SEC Chairman Christopher Cox made the following observation in his remarks before the New York Economic Club yesterday: "At the recent AICPA convention, both FASB Chairman Bob Herz and I announced our combined efforts to combat complexity in accounting.
This will be an across-the-board effort that will benefit issuers and investors alike." Click for (PDF 67k).