Advisory Committee on Improvements to Financial Reporting

The Commission established the SEC Advisory Committee on Improvements to Financial Reporting to examine the U.S. financial reporting system with the goals of reducing unnecessary complexity and making information more useful and understandable for investors.

Final Recommendations to Commission

• SEC Advisory Committee Makes Recommendations to Improve Financial Reporting for Investors (Release No. 2008-166; August 1, 2008)
   
• Final Report

Organizational Materials

• SEC Chairman Cox Announces Members of Advisory Committee on Improvements to Financial Reporting (Release No. 2007-154; July 31, 2007)
   
• Biographies of Members
   
• Notice of Federal Advisory Committee Establishment and Notice of Meeting (Release No. 33-8817; File No. 265-24; June 27, 2007)
  • Federal Register PDF Version
  • Comments received are available for this notice.
     
• Advisory Committee Charter
   
• Advisory Committee By-Laws
   
• SEC Establishes Advisory Committee to Make U.S. Financial Reporting System More User-Friendly for Investors (Press Release No. 2007-123; June 27, 2007)
   
• Webcast of News Conference to Announce New Advisory Committee to Increase Usefulness of U.S. Financial Reporting System for Investors (June 27, 2007)

Requests for Public Comments

• Subcommittee Reports of the SEC Advisory Committee on Improvements to Financial Reporting (Release Nos. 33-8918, 34-57819; File No. 265-24)
  Submit comments on 265-24
  • Comments received are available.
  
  
• Progress Report of the SEC Advisory Committee on Improvements to Financial Reporting (Release No. 33-8896; File No. 265-24)
  Submit comments on 265-24
  • Federal Register PDF Version
  • Comments received are available.
  
  
• Discussion Paper for Consideration by the SEC Advisory Committee on Improvements to Financial Reporting (Release No. 33-8836; File No. 265-24)
  • Federal Register PDF Version
  • Comments received are available.

• In addition to the above, the Advisory Committee welcomes feedback at any time from investors, registrants, auditors and others on the Committee’s work. Comments may be submitted by any of the following methods:

  • Electronic Comments
    • Use the Commission’s Internet comment form (http://www.sec.gov/rules/other.shtml); or
    • Send an e-mail message to rule-comments@sec.gov. Please include File Number 265-24 on the subject line.
  • Paper Comments
    • Send paper comments in triplicate to Nancy M. Morris, Federal Advisory Committee Management Officer, Securities and Exchange Commission, 100 F Street, NE, Washington, DC 20549–1090.

  All submissions should refer to File No. 265-24. This file number should be included on the subject line if e-mail is used. To help us process and review your comments more efficiently, please use only one method. The Commission will post all comments on its Web site (http://www.sec.gov/comments/265-24/265-24.shtml). Comments also will be available for public inspection and copying in the Commission’s Public Reference Room, 100 F Street, NE, Washington, DC 20549, on official business days between the hours of 10:00 am and 3:00 pm. All comments received will be posted without change; we do not edit personal identifying information from submissions. You should submit only information that you wish to make available publicly.

Meeting Materials

• July 31, 2008 Meeting
   
  • Notice of Meeting
     
  • Agenda
     
  • Revised Draft Final Report v1
     
  • Revised Draft Final Report v2 (Marked for Revisions to v1)
     
  • Final Edits to v2
     
  • Webcast of July 31, 2008, Meeting
     
  • Record of Proceedings
     
• July 11, 2008 Meeting
   
  • Notice of Meeting
     
  • Agenda
     
  • Draft Final Report
     
  • Comment Letter Summary through June 30, 2008
     
  • Webcast of July 11, 2008, Meeting
     
  • Record of Proceedings
     
• May 2, 2008 Meeting
   
  • Notice of Meeting
     
  • Notice of Room Change for May 2, 2008 Meeting
     
  • Agenda
     
  • Report of the Substantive Complexity Subcommittee
     
  • Report of the Standards-Setting Subcommittee
     
  • Report of the Audit Process and Compliance Subcommittee
     
  • Report of the Delivering Financial Information Subcommittee
     
  • Webcast of May 2, 2008, Meeting
     
  • Record of Proceedings
     
• March 13-14, 2008 Meeting
   
  • Notice of Meeting
     
  • Agenda
     
  • Webcast of March 13-14, 2008, Meeting
     
  • Record of Proceedings (March 13)
     
  • Record of Proceedings (March 14)
     
• February 11, 2008 Meeting
   
  • Notice of Meeting
     
  • Agenda
     
  • Draft Progress Report v1
     
  • Draft Progress Report v2 (Marked for Revisions to v1)
     
  • Separate Proposal by Mr. Wallison
     
  • Webcast of February 11, 2008, Meeting
     
  • Record of Proceedings
     
• January 11, 2008 Meeting
   
  • Notice of Meeting
     
  • Agenda
     
  • Draft Decision Memo
     
  • Webcast of January 11, 2008, Meeting
     
  • Record of Proceedings
     
• November 2, 2007 Meeting
   
  • Notice of Meeting
    • Comments received are available for this notice.
       
  • Agenda
     
  • Report of Substantive Complexity Subcommittee
     
  • Report of Standard Setting Subcommittee
     
  • Report of Audit Process and Compliance Subcommittee
     
  • Report of Delivering Financial Information Subcommittee
     
  • Webcast of November 2, 2007, Meeting
     
  • Record of Proceedings
     
• August 2, 2007 Meeting
   
  • Agenda
     
  • Discussion Paper
     
  • Welcoming Remarks of SEC Chairman Christopher Cox
     
  • Opening Remarks of Conrad W. Hewitt, SEC Chief Accountant
     
  • Webcast of August 2, 2007, Meeting
     
  • Record of Proceedings
     

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