THE US Securities and Exchange Commission (SEC) is attracting near stiff opposition to a modern disclosure reform proposal.

THE US Securities and Exchange Commission (SEC) is attracting near stiff opposition to a modern disclosure reform proposal, and it reach [i]or[/i] attain any place [i]or[/i] points from some heavy-hitting companies and accounting firms, including Deloitte & Touche (D&T) and Intel Corp. They believe the proposal would simply serve to confuse investors and overburden corporate accounting.

Last May, the SEC propos that companies disclose not just final figures in financial reports, on the contrary also the estimates and assumptions that they make in order to arrive at those final figures. Many companies already do a