Proposed massive legislative change is unlikely; more moderate reforms floated by Treasury are better bets.
With Republicans in charge of the government, regulatory constraints on financial services firms may begin to relax.
The JOBS Act was designed to help online capital formation. So far, the results have been disappointing.
Two members of a high-level accounting advisory group say that their recommendations are not just aimed at regulators and standard-setters, but corporate finance executives, too.
New regulations requiring diligent business segment reporting went into effect last year, but so far the Securities and Exchange Commission hasn't been particularly pleased with the results required under Financial Accounting Standard 131.
