SEC to Hold Roundtable on Measurement Uncertainties in Financial Reporting | Practical Law

SEC to Hold Roundtable on Measurement Uncertainties in Financial Reporting | Practical Law

The SEC will hold a public roundtable on November 8, 2011 to discuss measurement uncertainties in financial reporting.

SEC to Hold Roundtable on Measurement Uncertainties in Financial Reporting

Practical Law Legal Update 4-509-6000 (Approx. 3 pages)

SEC to Hold Roundtable on Measurement Uncertainties in Financial Reporting

by PLC Corporate & Securities
Published on 24 Oct 2011 • USA (National/Federal)
The SEC will hold a public roundtable on November 8, 2011 to discuss measurement uncertainties in financial reporting.
The SEC will hold the first public roundtable in its Financial Reporting Series on November 8, 2011 at 10:00 a.m. EST. The purpose of the Financial Reporting Series is to help the SEC identify risks and potential improvements in the financial information that issuers provide to investors. The roundtable will focus on:
  • Whether measurements that involve uncertainty provide investors with useful information.
  • The information that investors find important to understand and assess measurement uncertainties and the challenges that preparers face in providing that information.
  • The auditor's role and responsibility for reporting on financial statements with measurement uncertainties.
The roundtable will feature three panels comprised of investors, financial statement preparers and auditors. The SEC issued a briefing paper that describes the issues to be discussed at the roundtable and offers additional background information on measurement uncertainties.
The SEC is accepting comments in advance of the public roundtable.