Corporate Reporting and Governance: Reform Remains High on SEC And European Policy Agendas

摘要

Reforms in corporate reporting and governmence continue to be key issues in the post-Enron/post WorldCom environments. Severl key proposals are on the table, including the creation of a public accountability board and requirements for more detailed disclosure of extraordinary events. Also, the European Commission approved the much awaited International Accounting Standards (IAS), a significiant step toward global fincancial reporting requirements.