August 4, 2008

Now Available: CIFiR’s Final Report

On Friday, the SEC’s Advisory Committee on Improvements to Financial Reporting (CIFiR) issued its final 172-page report.

The final report has 25 recommendations for implementation by the SEC, FASB and PCAOB. Although the report is probably most important for accountants, it certainly has implications for lawyers and IROs/corporate communications. And these recommendations are likely to be taken seriously – the SEC already has acted on two of the recommendations: mandatory XBRL and guidance on company websites.

Posted: SEC’s Interpretive Release on Corporate Use of Websites

On Friday, the SEC posted its interpretive release on corporate use of websites. I’m off on vacation soon – and Dave is already floundering on a beach – so it’s gonna be a while before we dribble out some original thoughts…

Last SEC Commissioner Sworn In

On Friday, Troy Paredes was sworn in as a SEC Commissioner. The gang’s all there now – and I imagine the shareholder access debate will resume as Chairman Cox has promised. By my count, there is a total of twelve Commissioners that have served in that capacity during the access debate…

Our August Eminders is Posted!

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– Broc Romanek