SEC Chair’s AICPA Conference Remarks Promote Shared Responsibility of Maintaining High-Quality Financial Reporting

December 22, 2015

    In her keynote address to the American Institute of CPAs (AICPA) Conference on Current SEC and PCAOB Developments in Washington, D.C., U.S. Securities and Exchange Commission (SEC) Chair Mary Jo White emphasized the “shared and weighty responsibility” of maintaining high-quality, reliable financial reporting.

“Investors, issuers, and the markets all depend on the work you do and the judgments you make – and how well you do both,” White told conference attendees on December 9.  “You, together with the standard setters and the regulators, have a vital stake in ensuring that our capital markets remain the safest and strongest in the world – and we all share the responsibility.” 
SEC Chair Mary Jo White
Photo credit: Sam Kittner/

During his remarks, SEC Chief Accountant James Schnurr said SEC staff would hold discussions with SEC commissioners regarding
regulatory changes that could pave the way for supplementary IFRS information to be provided by domestic companies.  White said the proposal “has the potential to be a useful next step.”

Read the December 9 Journal of Accountancy story for more details about the speeches by White and Schnurr.