12.7.2009 SEC Chief Accountant James L. Kroeker spoke at the American Institute of Certified Public Accountants (AICPA) National Conference. He began by discussing what can be expected of the Office of the Chief Accountant (OCA):
- Encouragement that the industry reach out to the OCA, whether that be on individual accounting, auditing, independence matters through the consultation process (outlined at www.sec.gov/info/accountants/ocasubguidance.htm), or through less formal measures such as industry or other meetings.
- Putting investor protection at the forefront in all that the SEC does; thinking about accounting issues with a focus on the benefits of transparency and usability of financial information for investors.
- Treating CPAs professionally but without leniency, so that those who fail to live up to their responsibilities and cause harm to investors or U.S. capital markets can expect that the SEC will take appropriate action.
He also discussed the following topics:
- Accounting Standard Convergence
- Principles for Addressing Changes to Accounting Standards
- Recent Developments in Accounting Standards
- Oversight of the Public Company Accounting Oversight Board
- Municipal Securities and the Governmental Accounting Standards Board
Click http://www.sec.gov/news/speech/2009/spch120709jlk.htm to access the speech.
SEC Commissioner Elisse B. Walter spoke at the conference; click http://www.sec.gov/news/speech/2009/spch120909ebw.htm to access her speech.
Enforcement Division Director Robert Khuzami spoke at the conference; click http://www.sec.gov/news/speech/2009/spch120809rsk.htm to access his speech.
SEC Assistant Director of the Office of Interactive Disclosure, Joel Levine, spoke at the conference; click http://www.sec.gov/news/speech/2009/slides120809jkl.pdf to access a detailed outline of his speech.