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SEC Committee: Nix Industry-specific Guidance

An advisory committee says accounting standards would be far simpler if they were applied to business activities without regard to the impact on specific industries.

Sarah Johnson, | US
November 2, 2007

Standardization is Good However Consider the Big Picture

In effect, Pozen said, the subcommittee seems to leaning toward the notion that it's "more important what an activity is than what the entity is." Standardization of reporting is good. However, both the activity and the entity are important. Hint: consider John F. Nash, Jr.

Posted by David Newman | November 04, 2007 02:32 am

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