House lawmakers heard from various regulatory bodies and association leaders on ways financial reports could be made more user-friendly for investors and the general public.
Among those testifying before the House Financial Services Subcommittee on Capital Markets, Insurance and Government-Sponsored Enterprises this week were Financial Accounting Standards Board Chairman Robert Herz, acting Public Company Accounting Oversight Board chairman Bill Gradison and acting Securities and Exchange Commission chief accountant Scott Taub -- a trio whose testimony focused on a broad picture of the work each body was pursuing.
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