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10 point plan to improve oversight of financial reporting process



10 point plan to improve oversight of financial reporting process The New York Stock Exchange and The Blue Ribbon Committee saw a need for improvement in corporate auditing. They released a report of IO far-reaching recommendations intended to improve the quality of corporate financial reporting, Point # 1. ... Point # 2 Require an independent audit committee. This point states that * (NYSE) and the (NASD) Should require companies meeting the size criteria (large) should have an audit committee made up of independent directors. Point # 3 Mandate minimum audit committee sizes and increased financial literacy.


Approximate Word count = 454
Approximate Pages = 1.8
(250 words per page double spaced)
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Financial reporting In 1999 the ASB published the statement

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