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The Real-Time Reporting Conundrum
Posted by Tim Reason | CFO.com | US
November 15, 2006 10:56 AM ET

Helen Shaw has a nice piece today about the pressure on accelerated filers , who have 15 fewer days to file their 10-Ks after the middle of next month.

Then there's this still-developing story in which the Big Four accounting firms are following up on the SEC's big push for XBRL with a real-time reporting proposal.

The latter prompted not a few cynics to post comments to CFO.com suggesting this was really an 'all-the-time billing' proposal from the accounting firms. That may be. But there's larger question that I would like someone to answer. Exactly how are all these various efforts to speed up financial reporting supposed to address Corporate America's supposed problems with short-term thinking?

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