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Sarbanes-Oxley News & Developments
Go Directly to CashSEC chief accountant Donald Nicolaisen thinks the most important has yet to be proposed: requiring companies to use the direct method to report their cash flow.
> > At a November conference hosted by Financial Executives International, Nicolaisen said that despite Sarbanes-Oxley and the slew of new rules issued by the Financial Accounting Standards Board, corporate efforts to improve reporting have "fallen far short" of his expectations. "The single thing in my view that would go furthest toward improving disclosure," he said, would be to mandate direct-method accounting.
Source: CFO
Published:2005-01-28
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