The SEC proposes rules requiring CEOs and CFOs of
publicly traded companies to certify their organizations’ quarterly
and annual reports are accurate, timely and contain all the
information a “reasonable” investor would consider “significant” ( www.sec.gov/news/press/2002-88.htm
). The rules also would cut to two business days—from the current
five to 15—the time companies have to file Form 8-K, reporting a
change in their independent auditor, the resignation of directors and
other required disclosures. Comments are due August 26.
Financial Reporting
