im so kooLast week, the Securities and Exchange Commission assembled an impressive consortium of financial, legal and academic heavyweights to participate in roundtable debates on the front-burner issues of financial disclosure and audit oversight.
Although listening to luminaries such as billionaire investor Warren Buffet and New York Stock Exchange chairman Richard Grasso espouse theories on how to improve auditing and disclosure policies certainly had ample marquee value, the SEC's strategy to enact sweeping accounting reform is staring at imposing roadblocks in the form of financial and human capital shortages.
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