FEI Reviews Recent Speeches by SEC Commissioners and Senior Staff

Edith Orenstein of the Financial Executives Institute has prepared an excellent synopsis of speeches by SEC Chairman Cox, Commissioners Atkins and Glassman and Chief Accountant Carol Staley on handling international accounting issues, need for high-quality disclosure, need for improved understandably of disclosures, value of the XBRL reporting initative, costs of Section 404 of Sarbanes-Oxley, importance of establishing an highly ethical corporate culture and the impact of Staff Accounting Bulletin 99 on materiality judgments. The summary is well worth the read and is linked in the title above.