fed speech, 2006-02-16
I am sure that we all want to see, over time, a restoration of public confidence in the quality of financial reporting and auditing, and I hope that dialogue--such as that taking place at this roundtable--and the initiatives of standards setters, can lead to standards that are fully understandable to preparers, users, and auditors; that avoid undue complexity and implementation costs; and that truly contribute to transparency.
Sentiment: neutral
Topic: financial_stability