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Companies Exasperate SEC Accounting Chief He chides them for citing accounting standards that "few people understand" in their financials and for their puzzling apathy on IFRS.

David McCann, CFO.com | US
July 17, 2009

Bureacrat, not Accountant: "A high-ranking accountant at the Securities and Exchange Commission".

I'm sorry but once one takes a job at the SEC one ceases to be an accountant and becomes a regulator; or in more direct parlance a bureacrat.

Once one becomes a bureacrat, one gets to wax philosophical about public "apathy" over the schemes and dreams of bureaucrats, who don't deal with vulgarities like disruption and cost.; Posted by Super Heater | Jul 21, 2009 10:47 PM ET

Is the SEC Chief Accountant for Real?: When the most important readers of your financial statements are plaintiff's attorneys, shouldn't you keep the risk of lawsuits in mind when you draft your financial statements? When will the SEC come up with a project to determine who the actual readers of financial statements really are? When will they finally comprehend that the readers need to be able to understand the accounting pronouncements as well?; Posted by Dave Parsons | Jul 17, 2009 6:51 PM ET

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