FEI members on SEC committee to 'improve financial reporting'.The U.S. Securities and Exchange Commission (SEC) Advisory Committee on Improvements to Financial Reporting (CIFR) held its first meeting at SEC headquarters in Washington, D.C., on August 2. The committee's chair, Robert C. Pozen, chairman of MFS Investment Management MFS Investment Management, formerly Massachusetts Financial Services, is a Boston, Massachusetts-based financial services firm. In its publicity, MFS claims to have invented the mutual fund. The current chair of the company is Robert Pozen. , was formerly vice chairman of Fidelity Investments (and represents mutual funds on the committee). Several FEI members are among the 17 distinguished members, representing various constitutencies: Denny Beresford, professor of Accounting, University of Georgia Organization The President of the University of Georgia (as of 2007, Michael F. Adams) is the head administrator and is appointed and overseen by the Georgia Board of Regents. , former FASB FASB See: Financial Accounting Standards Board FASB See Financial Accounting Standards Board (FASB). chairman and an inaugural FEI Hall of Fame Inductee, who is also a director and chairs audit committees of three public companies (he represents Fortune 500 audit committees); Susan Bies, former Federal Reserve governor, represents banking regulators; Christopher Liddell, CFO, Microsoft Corp., represents Fortune 500 companies; G. Edward McClammy, senior vice president, CFO and treasurer, Varian Inc., represents mid-size companies; and David Sidwell, CFO, Morgan Stanley, New York, represents securities broker-dealers. Among the other members: Greg Jonas, managing director, Moody's Investors Services, representis credit rating agencies Credit Rating Agencies Firms that compile information on and issue public credit ratings for a large number of companies. ; Edward E. Nusbaum, executive partner and CEO, Grant Thornton LLP  This article or section is written like an .Please help [ rewrite this article] from a neutral point of view. Mark blatant advertising for , using . , represents auditors of mid-size and smaller public companies; and James H. Quigley, CEO, Deloitte Touche Tohmatsu, represents auditors of large and multinational public companies. Among the five "official observers" are FASB Chairman Robert Herz and Public Company Accounting Oversight Board The Public Company Accounting Oversight Board (or PCAOB) (sometimes called "Peekaboo") is a private-sector, non-profit corporation created by the Sarbanes-Oxley Act, a 2002 United States federal law, to oversee the auditors of public companies. Chairman Mark Olson. Pozen noted that the committee's charter calls for it to issue recommendations within a year (by next August). |
|
||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion