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Pitt Would Enhance Financial Reports

The former SEC chairman believes that companies should reveal their thought processes as well as their finances.

> > Harvey Pitt, former chairman of the SEC, thinks that a new layer of information on current business trends should be added to periodic reports to create an enhanced, split-level financial reporting system.
Example: if a company chose to cut back on production because its sales dipped below normal in a certain region for an average month, it could disclose to investors the information and thinking behind its decision.
Source: CFO


Published:2004-05-25
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