TY - JOUR
T1 - Recent Developments at the Securities and Exchange Commission
T2 - Academic Contributions and Opportunities
AU - Jørgensen, Bjørn N.
AU - Linthicum, Cheryl L.
AU - McLelland, Andrew J.
AU - Taylor, Mark H.
AU - Yohn, Teri Lombardi
PY - 2007
Y1 - 2007
N2 - In recent years, the Securities and Exchange Commission (SEC) has grown in size and scope. The implementation of Sarbanes‐Oxley (SOX) and the globalization of accounting standards have increased the SEC's workload and brought forth important questions regarding the development and application of accounting and auditing standard setting and regulation. This paper identifies key issues of importance to the SEC including record levels of restatements, SOX implementation, the backdating of stock options, increased use of fair‐values in financial reporting, adoption of IFRS by numerous non‐U.S. registrants, and foreign deregistration. The article highlights the contribution of academic research as it relates to SEC speeches and rulemaking, drawing upon experience of 2005–2006 SEC academic fellows.
AB - In recent years, the Securities and Exchange Commission (SEC) has grown in size and scope. The implementation of Sarbanes‐Oxley (SOX) and the globalization of accounting standards have increased the SEC's workload and brought forth important questions regarding the development and application of accounting and auditing standard setting and regulation. This paper identifies key issues of importance to the SEC including record levels of restatements, SOX implementation, the backdating of stock options, increased use of fair‐values in financial reporting, adoption of IFRS by numerous non‐U.S. registrants, and foreign deregistration. The article highlights the contribution of academic research as it relates to SEC speeches and rulemaking, drawing upon experience of 2005–2006 SEC academic fellows.
U2 - 10.2308/acch.2007.21.3.313
DO - 10.2308/acch.2007.21.3.313
M3 - Tidsskriftartikel
SN - 0888-7993
VL - 21
SP - 313
EP - 323
JO - Accounting Horizons
JF - Accounting Horizons
IS - 3
ER -